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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 Summary

Use of national income accounting equations

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

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