Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose the government is running a budget deficit, but the economy is running a trade surplus. If the country's economic data show that the budget
Suppose the government is running a budget deficit, but the economy is running a trade surplus. If the country's economic data show that the budget deficit equals 88 million dollars, the outflow of foreign savings equals 18 million dollars, and private investment equals 139 million dollars, then what does private savings (S) equal in millions of dollars?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started