In a given year, a country's GDP = $9,841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $7,863, and government purchases = $140. The country had private saving equal to A) $285. B) $3,850. C) $2,397. D) $2,112.
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In a given year, a country's GDP = $9,841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $7,863, and government purchases = $140. The country had private saving equal to
A) $285.
B) $3,850.
C) $2,397.
D) $2,112.
Let’s continue with the information given in the previous question. The country had government saving equal to
A) $285.
B) $330.
C) $453.
D) $542.
3. Suppose that national saving is $1,456 billion, investment is $1,945 billion, and private saving is $1,590 billion. How much is the current account balance?
A) $489 billion
B) $221 billion
C) -$221 billion
D) -$489 billion
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