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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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?
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Question 16 options:
$1 billion
$3 billion
$2 billion
$4 billion
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