QUESTION 8 Suppose that the government deficit is 10, interest on the government debt is 5, taxes are 40, government expenditures are 30, consumption expenditures are 80, net factor payments are 10, the current account surplus is -5, and national saving is 20. Calculate private disposable income. Calculate transfers. ........ Calculate GDP. Calculate GNP 1 2 3 4 out 10
QUESTION 8 Suppose that the government deficit is 10, interest on the government debt is 5, taxes are 40, government expenditures are 30, consumption expenditures are 80, net factor payments are 10, the current account surplus is -5, and national saving is 20. Calculate private disposable income. Calculate transfers. ........ Calculate GDP. Calculate GNP 1 2 3 4 out 10
Chapter1: Making Economics Decisions
Section: Chapter Questions
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