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Suppose that Y1 is 1,411, Y2 is 6,670, and Y3 is 11,121. The savings rate for this economy is 19% and the depreciation rate is
Suppose that Y1 is 1,411, Y2 is 6,670, and Y3 is 11,121. The savings rate for this economy is 19% and the depreciation rate is 6.5%. If this economy is currently at a GDP of 1,411, what is the smallest amount of foreign aid which would move the economy up to a GDP of 11,121? Assume that all foreign aid becomes investment. Round your final answer to two decimal places
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
