Suppose output is $90 billion, government purchases are $20 billion, desired consumption is $50 billion, and desired investment is $15 billion. Assume that both income balance and net unilateral transfers are equal to zero. Net foreign lending would be equal to -$15 billion. -$5 billion. +$5 billion. +$15 billion.

Suppose output is $90 billion, government purchases are $20 billion, desired consumption is $50 billion, and desired investment is $15 billion. Assume that both income balance and net unilateral transfers are equal to zero. Net foreign lending would be equal to -$15 billion. -$5 billion. +$5 billion. +$15 billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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