We have the following data for a hypothetical open economy: GNP = $10,000 Consumption (C) = $8,000 Investment (I) = $1,200 Government Purchases (G) = $1,600 What is the value of the current account balance? S (Enter your answer as an integer. Include a minus sign if necessary).

We have the following data for a hypothetical open economy: GNP = $10,000 Consumption (C) = $8,000 Investment (I) = $1,200 Government Purchases (G) = $1,600 What is the value of the current account balance? S (Enter your answer as an integer. Include a minus sign if necessary).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

We have the following data for a hypothetical open economy:
GNP = $10,000
Consumption (C) = $8,000
Investment (I) = $1,200
Government Purchases (G) = $1,600
What is the value of the current account balance? $. (Enter your answer as an integer. Include a minus sign if necessary).

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