Consider the following two years of data for the economy of Utopia,In 2016 the financial sector was in equilibrium, but the government sector had a net injection of $50 billion and theexternal sector had a net leakage of $100 billion.In 2017, the data in billions of dollars were: Exports (X) = 400, Imports (M) = 450, Savings (S) = 150, PrivateInvestment (1) = 150, Taxation (T) = 460, Government expenditure (G) = 450.%3D%3D%3DWhich sector of the economy contributed the most to the change in economic activity in 2017?O The external sector.All sectors contributed to the change in economic activity in 2017.O The government sector.O The financial sector.

In 2016, Net injection: $50 billion Leakage: $100 billion In 2017, Exports(X)=400, Imports(M)=450,…

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Which sector of the economy contributed the most to the change in economic activity in 2017?

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter13: Federal Deficits, Surpluses, And The National Debt

Section: Chapter Questions

Problem 13SQ

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Question

Consider the following two years of data for the economy of Utopia,
In 2016 the financial sector was in equilibrium, but the government sector had a net injection of $50 billion and the
external sector had a net leakage of $100 billion.
In 2017, the data in billions of dollars were: Exports (X) = 400, Imports (M) = 450, Savings (S) = 150, Private
Investment (1) = 150, Taxation (T) = 460, Government expenditure (G) = 450.
%3D
%3D
%3D
Which sector of the economy contributed the most to the change in economic activity in 2017?
O The external sector.
All sectors contributed to the change in economic activity in 2017.
O The government sector.
O The financial sector.

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