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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Assume there is no discretionary increase in government spending. Explain how an improving economy will affect the budget balance and, in turn, investment and the trade balance.

To determine

To state: The effect on budget balance and trade balance by an improved economy.

Explanation

The national investment identity must be equated which can be seen as done below:

  Supply of financial capital=S+(MX)Demand of financial capital= I+(GT)

Hence, the equation will be S+(T

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