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Please solve this question in detail! Thank you Consider the small economy represented in the following table. All values are in dollars. Firm A Wages
Please solve this question in detail! Thank you
Consider the small economy represented in the following table. All values are in dollars. Firm A Wages paid to employees Taxes paid to government Input purchased from Firm B Input imported Revenue received Sold to Public (newly produced) Sold to Government Sold to Firm B Sold from inventory to Public Unsold production Aftertax profit Firm B Wages paid to employees Taxes paid to government Input purchased from Firm A Input purchased from Firm C Revenue received Sold to Public (newly produced) Sold to Firm A Sold to a foreign country Sold from inventory to Public After-tax prot Firm C Wages paid to employees 108 Taxes paid to government 158 Revenue received 528 Sold to Public (newly produced) 351 Sold to Government 107 Sold to Firm B 70 Unsold production 93 Firm C Wages paid to employees 108 Taxes paid to government 158 Revenue received 528 Sold to Public (newly produced) 351 Sold to Government 107 Sold to Firm B 70 Unsold production 93 After-tax profit 262 Additional Information Government transfers 130 Interest on government's debt 39 Private Saving 129 a. Consumption (C) 1183 b. Government consumption (G) 327 C. Investment (I) (hint: changes in inventory is part of investment) Correct response: 47 d. Net exports (NX) Correct response: 162e. Gross domestic product (GDP) Correct response: 1719 f. Government Saving (Sgov) Correct response: -42 g. Current account balance (CA) Correct response: 40 h. Net factor payments (NFP) Correct response: -122 i. Gross national product (GNP) Correct response: 1597 j. Government budget deficit Correct response: 42k. Private disposable income Correct MSDOI'ISG: 1312 |. Net government income act-red: response: 285 . m. Change in national wealth (you can assume that the value and stock of assets held by Canadians did not change over the period) Correct response: 87Step by Step Solution
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