Consider a small open economy described by the following equations: Y = C +I+G+NX Y = 8000 G = 2500 T = 2000 C 500+2/3(Y - T) I = 900-50r NX1500 - 250€ r = p = 8. *Note: Round your answers to two decimal places when necessary. A. The national saving is B. The investment is C. The trade balance is D. the equilibrium exchange rate is

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Consider a small open economy described by the following equations:
Y=C+I+G+NX
Y = 8000
G = 2500
T = 2000
C 500+2/3(Y - T)
I
=
= 900 - 50r
NX 1500 - 250€
r = = 8.
*Note: Round your answers to two decimal places when necessary.
A. The national saving is
B. The investment is
C. The trade balance is
D. the equilibrium exchange rate is
Transcribed Image Text:Consider a small open economy described by the following equations: Y=C+I+G+NX Y = 8000 G = 2500 T = 2000 C 500+2/3(Y - T) I = = 900 - 50r NX 1500 - 250€ r = = 8. *Note: Round your answers to two decimal places when necessary. A. The national saving is B. The investment is C. The trade balance is D. the equilibrium exchange rate is
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