With regard to identity 13-2, (a) Rewrite it for a current account surplus and then (b) Solve
Question:
With regard to identity 13-2,
(a) Rewrite it for a current account surplus and then
(b) Solve it for a budget surplus and then
(c) For private saving.
Transcribed Image Text:
(M-X) Current account deficit (Net borrowing abroad) (G-T) (I-S) government deficit + private investment minus (public borrowing) private saving (13-2)
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