Answer to Question #92385 in Macroeconomics for Ashleigh

Question

Question 2:

Disposable Income= 50
Government Expenditure= 8
Exports= 9
Consumption Expenditure= 35
Imports= 7
Net Taxes= 12
Data above is in millions of US dollars.

a. Based on the data provided above, what is the value of National Income (GDP or Y)?
b. Based on the data provided above, what is the value of Private Savings?
c. Based on the data provided above, what is the value of Government Savings?
d. Based on the data provided above, what is the value of National Savings?
e. Based on the data provided above, what is the value of Net Exports?
f. Based on the data provided above, is this country a net lender or net borrower?

Answer 1

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