Q1) Given the following economic identities: GDP = C+I+(X-M)……………………………...……………………………………………. (1) GNI = GDP+Yf……………………………………………...……………………………….. (2) GNDI= C+I+(X-M) + Yf+ TRf ………………………………………………………………. (3) You are required: Find the relationship among gross national disposable income, aggregate demand or domestic absorption and the current account balance (please, interpret your result)

Q1) Given the following economic identities: GDP = C+I+(X-M)……………………………...……………………………………………. (1) GNI = GDP+Yf……………………………………………...……………………………….. (2) GNDI= C+I+(X-M) + Yf+ TRf ………………………………………………………………. (3) You are required: Find the relationship among gross national disposable income, aggregate demand or domestic absorption and the current account balance (please, interpret your result)

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter12: Firms In Perfectly Competitive Markets

Section: Chapter Questions

Problem 15P

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