EBK MACROECONOMICS
10th Edition
ISBN: 9780134896571
Author: CROUSHORE
Publisher: VST
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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?
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
Y=F (K, L) = AK0.3L0.7
Country
L (millions)
K (trillions)
Y (GDP)
X
78
0.26
1.1
Y
100
0.84
1.6
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