Answered: Personal consumption expenditure (C)…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 6P

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onsider the following data (in billion $) for a country in a particular year: (assume this country has Zero Transfer Payment

Personal consumption expenditure (C)	200
Exports (x)	10
Government Purchases of goods and services (G)	120
Imports (m)	15
Gross Domestic Product (Y)	1800
Taxes	20

d. What is the value of gross investment?

e. What is the value of net export?

f. Is the country lending to or borrowing from rest of the world?

g. Dose the government has deficit, balance or surplus budget?

h. What is the amount of investment financed by national saving?

i. What is the amount of investment financed by borrowing from rest of the world?

J. What is the meaning of transfer payment

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