GNP = 2000, GDP = 1600, Trade to GDP ratio = 50%, G = 400, X = 500, 1 = 300, S500(1) What is Import (M) ? (2) What is Consumption (C)? (3) What is CA? (4) What is the tax revenue (T)?

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 1SQ
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

GNP = 2000, GDP = 1600, Trade to GDP ratio = 50%, G = 400, X = 500, 1 = 300, S500(1) What
is Import (M) ? (2) What is Consumption (C)? (3) What is CA? (4) What is the tax revenue (T)?
Transcribed Image Text:GNP = 2000, GDP = 1600, Trade to GDP ratio = 50%, G = 400, X = 500, 1 = 300, S500(1) What is Import (M) ? (2) What is Consumption (C)? (3) What is CA? (4) What is the tax revenue (T)?
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