in this economy, private saving= ate public saving investment the trade balance and the equilibrium exchang (please enter your answers in numerical value without any dollar sign, comma, or a decimal place.)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Consider an economy described by the following equations:
Y=C+I+G+NX
Y=10,000
G=3,500
T=2,300
C-600 + 4/5(Y-T)
1=1,100-60r
NX-1,800-670€
r.-8.
In this economy, private saving =
rate
public saving
investment =
national saving
the trade balance
and the equilibrium exchange.
(please enter your answers in numerical value without any dollar sign, comma, or a decimal place.)
Transcribed Image Text:Consider an economy described by the following equations: Y=C+I+G+NX Y=10,000 G=3,500 T=2,300 C-600 + 4/5(Y-T) 1=1,100-60r NX-1,800-670€ r.-8. In this economy, private saving = rate public saving investment = national saving the trade balance and the equilibrium exchange. (please enter your answers in numerical value without any dollar sign, comma, or a decimal place.)
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