$200m in the domestic country. Consumption is two-thirds of GDP and investment is 25% of GDP. The government withholds 20% of national income in taxes. National savings are $200m. There is no public debt but there is a budget deficit of $100m. Also, import is $30m.Show all these values on a circular flow diagram. (A) Find: net factor payments from abroad, gross domestic product, private consumption and savings, disposable income, taxes and transfers, investment, government spending., net export, export and the current account. (B) Show all of the above values on a circular flow diagram.

$200m in the domestic country. Consumption is two-thirds of GDP and investment is 25% of GDP. The government withholds 20% of national income in taxes. National savings are $200m. There is no public debt but there is a budget deficit of $100m. Also, import is $30m.Show all these values on a circular flow diagram. (A) Find: net factor payments from abroad, gross domestic product, private consumption and savings, disposable income, taxes and transfers, investment, government spending., net export, export and the current account. (B) Show all of the above values on a circular flow diagram.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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