The US government ran a budget deficit of $4,225 billion in 2020. The US net imported $804

Fantastic news! We've Found the answer you've been seeking!

Question:

The US government ran a budget deficit of $4,225 billion in 2020. The US net imported $804 billion in 2020. What was the private sector net balance (rounded to the nearest billion) using the sectoral balances equation? Please show your work and references.

Posted Date: Jun 13, 2024 03:01 AM

See More Questions

Nucore Company is thinking of purchasing a new candy-wrapping machine at a cost of $\$ 370,000$. The machine should save the company approximately $\$ 70,000$ in operating costs per year over its...
In 2011, Space Technology Company modified its model Z2 satellite to incorporate a new communication device. The company made the following expenditures: The equipment will be used on this and other...
Option 1: You are the Director of Security for a luxury five-star hotel in Canada that owns and operates a Michelin-rated steakhouse on the ground floor. At the end of the night, the Head Chef of the...
Alpha Investments reported taxable income of $1,800,000. An audit revealed that the company did not deduct $250,000 in tax-deductible investment costs and incorrectly deducted $100,000 in...
10 Count scallops cost $12.97 per pound. How much do they cost for each? A Wagyu Beef New York Strip costs $14 per pound and weighs 15 pounds. The useable yield is 12.5 pounds. How many 12 ounce...
How do coordinating agencies differ in a crisis, disaster, and an emergency ?Explain
How do we manage and respond to customer feedback and reviews to maintain a positive brand reputation? Explain with the help of examples.
How do I record these entries? January 1: Purchased a fleet of vehicles for $350,000 via a loan from the bank. The trucks have a useful life of six years. The loan is for six years with an interest...
How do feedback mechanisms and performance evaluation systems contribute to individual and team development within a corporate context ?
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $360,000 per quarter. For financial reporting...

The US government ran a budget deficit of $4,225 billion in 2020. The US net imported $804

Question:

Expert Answer:

Students also viewed these economics questions