Suppose that a country's private saving is $6 million, its investment is $15 million, govemment purchases are $13 million, and net tax revenues are $15 million in a given year. The current account balancefor this country is aOA deficit of $6 millionOB. surplus of $6 million.OC. deficit of $1 million.OD. surplus of $1 million

The private savings rate is $6 million The government purchases is $13 million The tax revenue is…

Suppose that a country's private saving is $6 million, its investment is $15 million, govemment purchases are $13 million, and net tax revenues are $16 million in a given year. The current account balance for this country is a OA deficit of $6 million OB. surplus of $6 million OC. deficit of $1 million OD surplus of $1 milion

Suppose that a country's private saving is $6 million, its investment is $15 million, govemment purchases are $13 million, and net tax revenues are $16 million in a given year. The current account balance for this country is a OA deficit of $6 million OB. surplus of $6 million OC. deficit of $1 million OD surplus of $1 milion

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter14: A Macroeconomic Theory Of The Open Economy

Section: Chapter Questions

Problem 2QR

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