Answered: T= 250 0.2Y G=500 IM= 75 0.3Y X=600 1.…

T= 250 0.2Y G=500 IM= 75 0.3Y X=600 1. The trade balance (X-IM) when the government's budget is balanced is $_? 2. The government's budget balance (T-G) when the trade bala.nce is zero is $_?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 47CTQ: Agricultural price supports result in governments holding large inventories of agricultural...

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T= 250 0.2Y G=500 IM= 75 0.3Y X=600 1. The trade balance (X-IM) when the government's budget is balanced is $_? 2. The government's budget balance (T-G) when the trade bala.nce is zero is $_?

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