Suppose that national saving is $1456 billion, investment is $1945 billion, and private saving is $1590 billion. How much is the current account balance? O A. $221 billion. B. - $221 billion. C. $489 billion. D. - $489 billion.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
icon
Related questions
Question

10

Suppose that national saving is $1456 billion, investment is $1945 billion, and private saving is $1590 billion. How
much is the current account balance?
A. $221 billion.
B. - $221 billion.
C. $489 billion.
D. - $489 billion.
Transcribed Image Text:Suppose that national saving is $1456 billion, investment is $1945 billion, and private saving is $1590 billion. How much is the current account balance? A. $221 billion. B. - $221 billion. C. $489 billion. D. - $489 billion.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College