Savings byhouseholds10 percentSavings bybusinesses15 percentPrivate investment19 percentNet taxes paid20 percentGovernment25 percentspendingBased on the table above, the current account balance is-1% of GNP+1% of GNP-11% of GNP+11% of GNPQuestion 7Savings byhouseholds5 percent Savings byhouseholds5 percentSavings bybusinesses|12 percentPrivate investment18 percentNet taxes paid15 percentGovernment17 percentspendingBased on the table above, the current account balance is-3% of GNP+3% of GNP-21% of GNP+21% of GNPQuestion 8If tho

Calculation of current account balance .

Savings by households 10 percent Savings by businesses 15 percent Private investment 19 percent Net taxes paid 20 percent Government 25 percent spending Based on the table above, the current account balance is -1% of GNP +1% of GNP -11% of GNP +11% of GNP

Savings by households 10 percent Savings by businesses 15 percent Private investment 19 percent Net taxes paid 20 percent Government 25 percent spending Based on the table above, the current account balance is -1% of GNP +1% of GNP -11% of GNP +11% of GNP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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