Homework Answers
In the open economy
Total savings = Private savings+public savings = Investment + CA
CA = GNP-C-I-G = 10000-8000-800-1600 = -400
Total savings = 800+(-400) = 400
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Exercise 2.3 We have the following data for a hypothetical open economy: GNP = $10,000 Consumption (C) = $8,000 Inv...
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question attached The following table contains data for a hypothetical closed economy that uses the dollar...
question attached
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question attached
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