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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 an economy has a budget surplus of Chapter 31, Problem 2SCQ, Assume an economy has a budget surplus of private savings of and investment of a. Write out a , example  1 private savings of Chapter 31, Problem 2SCQ, Assume an economy has a budget surplus of private savings of and investment of a. Write out a , example  2 and investment of Chapter 31, Problem 2SCQ, Assume an economy has a budget surplus of private savings of and investment of a. Write out a , example  3

a. Write out a national saving and investment identity for this economy.

b. What will be the balance of trade in this economy?

c. If the budget surplus changes to a budget deficit of Chapter 31, Problem 2SCQ, Assume an economy has a budget surplus of private savings of and investment of a. Write out a , example  4 with private saving and investment unchanged, what Is the new balance of trade In this economy?

a)

To determine

The national saving and investment identity for the economy.

Explanation

As the government has the budget surplus, 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+(G<

b)

To determine

The balance of trade in the economy.

c)

To determine

The new balance of trade if the budget surplus changes to a budget deficit of 1000.

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