Question

Suppose that the government deficit is 10, interest on the government debt is 5, taxes are 40, government expenditures are 30, consumption expenditures are 80, net factor payments are 10, the current account surplus is – 5, and national saving is 20. Calculate the following (not necessarily in the order given):
(a) Private disposable income
(b) Transfers from the government to the private sector
(c) Gross national product
(d) Gross domestic product
(e) The government surplus
(f) Net exports
(g) Investment expenditures



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  • CreatedDecember 05, 2014
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