Suppose Japan has a GDP of 55 trillion, and that its national savings rate is 25%. Assuming

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Suppose Japan has a GDP of 55 trillion, and that its national savings rate is 25%. Assuming Japan is an open economy, a) calculate Japan's investment if net exports are 1% of GDP. b) calculate Japan's exports if imports are valued at 5650 billion.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Posted Date: Jul 11, 2019 09:55 AM

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Suppose Japan has a GDP of 55 trillion, and that its national savings rate is 25%. Assuming

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The Gross domestic product or the GDP is the measure of the final output that is produced in a ... View the full answer

Principles of economics

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