In a small open economy,Sd = $5 billion + ($100 billion) rw,Id = $10 billion - ($50 billion) rw,Y = $50 billion,G = $3 billion,rw = .06.(a)Calculate the current account balance.(b)Calculate net exports.(c)Calculate desired consumption.(d)Calculate absorption.
What will be an ideal response?
| (a) | $4 billion |
| (b) | $4 billion |
| (c) | $36 billion |
| (d) | $46 billion |
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