Calculate net exports and show the relationship between the government sector balance and net exports. The table
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The table gives some data about the U.K. economy:
Item Billions of U.K. pounds
Consumption expenditure ……………………… 721
Exports of goods and services …………………. 277
Government expenditure ………………………. 230
Net taxes ……………………………………….. 127
Investment …………………………………….. 181
Saving ………………………………………….. 162
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Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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