Savings byhouseholds10 percentSavings bybusinesses15 percentPrivate investment19 percentNet taxes paid20 percentGovernment25 percentspendingBased on the table above, the current account balance is-1% of GNP+1% of GNP-11% of GNP+11% of GNPQuestion 7Savings byhouseholds5 percent Savings byhouseholds5 percentSavings bybusinesses|12 percentPrivate investment18 percentNet taxes paid15 percentGovernment17 percentspendingBased on the table above, the current account balance is-3% of GNP+3% of GNP-21% of GNP+21% of GNPQuestion 8If tho

Calculation of current account balance .

Savings by households 10 percent Savings by businesses 15 percent Private investment 19 percent Net taxes paid 20 percent Government 25 percent spending Based on the table above, the current account balance is -1% of GNP +1% of GNP -11% of GNP +11% of GNP

Savings by households 10 percent Savings by businesses 15 percent Private investment 19 percent Net taxes paid 20 percent Government 25 percent spending Based on the table above, the current account balance is -1% of GNP +1% of GNP -11% of GNP +11% of GNP

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter6: Managing In The Global Economy

Section: Chapter Questions

Problem 12E

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Question

100%

Savings by
households
10 percent
Savings by
businesses
15 percent
Private investment
19 percent
Net taxes paid
20 percent
Government
25 percent
spending
Based on the table above, the current account balance is
-1% of GNP
+1% of GNP
-11% of GNP
+11% of GNP
Question 7
Savings by
households
5 percent

Savings by
households
5 percent
Savings by
businesses
|12 percent
Private investment
18 percent
Net taxes paid
15 percent
Government
17 percent
spending
Based on the table above, the current account balance is
-3% of GNP
+3% of GNP
-21% of GNP
+21% of GNP
Question 8
If tho

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