Essay
A country recently had GDP of $1,200 billion. Its consumption expenditures were $700 billion, its government spent $200 billion, and it had domestic investment of $175 billion. What was the value of this country's net capital outflow? Show your work.
Correct Answer:
Verified
Y = C + I + G + NX
$1,200 bill...View Answer
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Correct Answer:
Verified
Y = C + I + G + NX
$1,200 bill...
$1,200 bill...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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