Answered: If C = Cd +Cf I = Id +If G = Gd +Gf…

If C = Cd +Cf I = Id +If G = Gd +Gf Show that NX=Y-(C+I+G) where, subscripts d and f are used for spending on domestic and foreign goods respectively.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.1CE

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Q-3:

If C = Cd +Cf
I = Id +If
G = Gd +Gf
Show that NX=Y-(C+I+G)
where, subscripts d and f are used for spending on domestic and foreign goods respectively.

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