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Suppose a country had a smaller increase in debt in 2006 than it had in 2005. Then other things the same, we’d expect ()
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In a certain economy in 2005, GDP amounted to $5,000; consumption amounted to $3,000; government purchases were equal to investment; and the value of imports exceeded the value of exports by $200. It follows that government purchases amounted to ()
In a small closed economy, investment is $20 billion and private saving is $22 billion. What is public saving and national saving? ()
In a certain economy in 2005, GDP amounted to $5,000; consumption amounted to $3,000; government purchases were equal to investment; and the value of imports exceeded the value of exports by $200. It follows that government purchases amounted to () 2.
Suppose that in a closed economy GDP is $11 trillion, consumption is $7 trillion, taxes are $2 trillion and the government runs a deficit of $1 trillion. What are private saving and national saving? ()
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