We have the following data for a hypothetical open economy: GNP = $10,000 Consumption (C) = $8,000 Investment (I) = $1,200 Government Purchases (G) = $1,600 What is the value of the current account balance? S (Enter your answer as an integer. Include a minus sign if necessary).

We have the following data for a hypothetical open economy: GNP = $10,000 Consumption (C) = $8,000 Investment (I) = $1,200 Government Purchases (G) = $1,600 What is the value of the current account balance? S (Enter your answer as an integer. Include a minus sign if necessary).

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter34: International Finance

Section: Chapter Questions

Problem 5QP

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Question

We have the following data for a hypothetical open economy:
GNP = $10,000
Consumption (C) = $8,000
Investment (I) = $1,200
Government Purchases (G) = $1,600
What is the value of the current account balance? $. (Enter your answer as an integer. Include a minus sign if necessary).

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