ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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If Sprvt (private sector savings) and the CA (current account) are the only SOURCES of savings in the economy,

 

Question 41 options:

 

net Exports (NX) must be zero or positive

 

the Current Account must be zero or positive

 

the government budget is either balanced or in deficit

 

investment must be zero

Expert Solution
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Step 1

Given information:

Private savings and the current account are the only sources of savings in the economy. 

It means there is no public saving. So, there is no government budget. 

The investment and savings are equal. 

 

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