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The table gives some information about the U.K. economy in 2003:

Item Billions of U.K. pounds

Consumption expenditure 721
Exports of goods and services 277
Government expenditure 230
Net taxes 217
Investment 181
Saving 162

a. Calculate the private sector balance.

b. Calculate the government sector balance.

c. Calculate net exports.

d. What is the relationship between the government sector balance and net exports?

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Solution Summary

The table gives some information about the U.K. economy in 2003:

Item Billions of U.K. pounds

Consumption expenditure 721
Exports of goods and services 277
Government expenditure 230
Net taxes 217
Investment 181
Saving 162

a. Calculate the private sector balance.

b. Calculate the government sector balance.

c. Calculate net exports.

d. What is the relationship between the government sector balance and net exports?

Solution Preview

The table gives some information about the U.K. economy in 2003:

Item Billions of U.K. pounds

Consumption expenditure 721
Exports of goods and services 277
Government expenditure 230
Net taxes 217
Investment 181
Saving ...

Purchase this Solution
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