Question
The country is a closed economy. GDP=$24 trillion, Tax rev.=$1 trillion, consumption=$16, government spending=$4 trillion 5. Calculate private savings. 6. Calculate public savings. 7. Calculate
The country is a closed economy. GDP=$24 trillion, Tax rev.=$1 trillion, consumption=$16, government spending=$4 trillion
5. Calculate private savings.
6. Calculate public savings.
7. Calculate national savings.
8. Calculate investment spending.
9. Assume that Knutland opens their economy and the capital inflows are $6 trillion and the capital outflows are $1 trillion. Calculate the total savings available to borrowers. Show your work.
I really just need the formulas for the problems, but i don't know which ones. Can you help please?
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
