Consider an economy with GDP of $100 billion, desired investment of $20 billion, desired consumption of $50 billion, and government purchases of $2 billion. What is Desired foreign lending? A. $72 billion B. $48 billion C. $28 billion D. none of abo

Consider an economy with GDP of $100 billion, desired investment of $20 billion, desired consumption of $50 billion, and government purchases of $2 billion. What is Desired foreign lending? A. $72 billion B. $48 billion C. $28 billion D. none of abo

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Open-Economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 3QCMC

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Question

Consider an economy with GDP of $100 billion, desired investment of $20 billion, desired consumption of $50 billion, and government purchases of $2 billion. What is Desired foreign lending?

A. $72 billion
B. $48 billion
C. $28 billion
D. none of above

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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