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QUESTION
In an open economy, suppose consumption spending is $200million, investment spending is $50million, taxes revenue is $60million and government
In an open economy, suppose consumption spending is $200million, investment spending is $50million, taxes revenue is $60million and government transfers are $10million, exports are $80million; wages+profit+interest+rent= $320million; government budget surplus is $20million.
Q1. What is the private saving? ($70 million?)
Q2.What is the total GDP?
Q3. What is the import?
Q4.
