Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 5, Problem 3NP
a)
To determine
To find:The national saving, investment, current account surplus, net export, desired consumption and absorption.
b)
To determine
To find:The national saving, investment, current account surplus, net export, desired consumption and absorption when the investment rises by 2billion.
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Students have asked these similar questions
In an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expenditure equals $325 billion, investment equals $510 billion, and net capital outflow equals $225 billion. What is national saving?
A small open economy (SOE) is characterized by the following: Y= 500 G= 100 S= 100 + 1000r (National Savings) I = 150 − 1000r r= 0.03 a) Find: consumption, national saving, investment, net exports.
Scenario 1. Assume the following information for an imaginary, closed economy. GDP = $100,000; taxes = $22,000; government purchases = $25,000; national saving = $15,000.
Refer to Scenario 1. For this economy, investment amounts to
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