
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 8
Suppose a country has total GDP (Y) 5 $10 trillion, consumption 5 $7 trillion, government spending 5 $2 trillion, investment 5 $2 trillion, and taxes 5 $1.5 trillion. What is the level of net exports or balance of trade? What is the level of public savings? What is the level of private savings? What is the level of net capital outflow?
Explanation
Given Information:
• Gross Domestic Pro...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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