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    National income accounting

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    2) Calculate the values for government purchases (G), private domestic saving (S), and private domestic investment (I) from the following information (all variables are in billions of dollars).

    national income Y = 5,200 budget deficit BuD = 150

    disposable income YD = 4,400 trade deficit TD = 110

    consumption C = 4,100

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    Solution Preview

    We can use this equation for the entire economy:
    G − T = S − (I + NX),
    We are given these values:
    Sg (Government ...

    Solution Summary

    Use of national income accounting equations