Question three In the current year: Country A has $10 billion GDP, $1 billion net factor payments from abroad to U.S. residents, $0.3 billion transfers from the government to the private sector, $0 interest on the government debt, and $0.5 billion taxes, $5 billion consumption, $ 1 billion government purchase. Country B has $2 billion investment, $12 billion exports, $10 billion imports, $2 billion net factor payments from abroad to U.S. residents, $4 billion consumption. Country C has $3 billion investment, $15 billion GDP, $5 billion government purchase, and $1 billion current account surplus. Please calculate each country's national saving.

Question three In the current year: Country A has $10 billion GDP, $1 billion net factor payments from abroad to U.S. residents, $0.3 billion transfers from the government to the private sector, $0 interest on the government debt, and $0.5 billion taxes, $5 billion consumption, $ 1 billion government purchase. Country B has $2 billion investment, $12 billion exports, $10 billion imports, $2 billion net factor payments from abroad to U.S. residents, $4 billion consumption. Country C has $3 billion investment, $15 billion GDP, $5 billion government purchase, and $1 billion current account surplus. Please calculate each country's national saving.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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