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Business, 24.10.2019 02:00 hailscooper7363

Suppose an economy’s national accounts are gnp = 100, c = 70, i = 40, g = 20 and ex = 20 where gnp is gross national product, c is consumption, i is investment, g is government spending, and ex is exports. using the national income identity, find the value of imports (im). what is the current account balance? what is the (economy-wide) savings rate (note: saving rate = s/y)? what would the government, private, and total savings rate be if the government reduced taxes t = 10 while the other variables remain unchanged?

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Suppose an economy’s national accounts are gnp = 100, c = 70, i = 40, g = 20 and ex = 20 where gnp i...
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