Question
Suppose the government deficit is 5, tax revenues are 15, consumption expenditures are 60, the current account surplus is 10 and national saving (private plus
Suppose the government deficit is 5, tax revenues are 15, consumption expenditures are 60, the current account surplus is 10 and national saving (private plus public) is 20. Calculate GDP. What is the private saving rate in this economy? What is the investment rate in this economy? Explain why these rates can be different
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Principles Of Financial Accounting
Authors: John J Wild, Ken W Shaw, Barbara Chiappetta
22nd Edition
0077632893, 9780077632892
