Answer to Question #136413 in Macroeconomics for Beth

Question

A country had the following data: income (Y) = $200,000, taxes (T) = $60,000, government purchases (G) = $45,000, consumption (C) = $120,000, exports (EX) = $65,000 and imports (IM) = $70,000.

a. What was the country's private saving or households and businesses saving?

b. What was the government saving (or government surplus)?

c. What was the national saving?

d. Is the country lending or borrowing from the rest of the world and by how much?

e. What was the country's investment?

f. How much investment is financed by national saving and how much investment is financed by the lending or borrowing from the rest of the world?

Answer 1

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