Question
Suppose GDP is $20 trillion, consumption is $12 trillion, government spending is $3 trillion and public saving is $0.75 trillion. Assuming this economy is open,
Suppose GDP is $20 trillion, consumption is $12 trillion, government spending is $3 trillion and public saving is $0.75 trillion.
Assuming this economy is open, calculate private saving, taxes, investment, and net export. Show your work.
Comment on this country's trade balance.
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Principles Of Economics
Authors: Robert H. Frank, Ben Bernanke Professor, Kate Antonovics, Ori Heffetz
6th Edition
0078021855, 9780078021855
