Question: Q3 (20 points): What is GDP? Write down the national income equation. Show the relationship between the saving and the net export based on the

Q3 (20 points): What is GDP? Write down the national income equation. Show the relationship between the saving and the net export based on the absorption approach. What are the effects of the following events on the us. GDP, current account and financial account? (1) (2) The U.S. Government spent 0.5 million dollars on purchasing printing Apple Company sold $10,000 computers to a German company. machines made in Japan

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