In a small open economy, if domestic saving equals $50 billion and domestic investment equals $50 billion, then there is and net capital outflow equals Select one: a. a trade deficit; $100 billion b. balanced trade; $0 C. a trade surplus; $100 billion O d. balanced trade; $100 billion

In a small open economy, if domestic saving equals $50 billion and domestic investment equals $50 billion, then there is and net capital outflow equals Select one: a. a trade deficit; $100 billion b. balanced trade; $0 C. a trade surplus; $100 billion O d. balanced trade; $100 billion

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter14: A Macroeconomic Theory Of The Open Economy

Section: Chapter Questions

Problem 2PA

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