Question
Suppose X - Z = net exports; T - G = government sector surplus or deficit; and S - I = private sector surplus or
Suppose X - Z = net exports; T - G = government sector surplus or deficit; and S - I = private sector surplus or deficit. What relationship exists among these variables?
A) (X - Z ) + (T - G ) + (S - I ) = 0 B) (T - G ) + (X - Z ) = (S - I ) C) (X - Z ) = (T - G ) + (S - I )
D) (T - G ) = (X - Z ) + (S - I )
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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
