in an economy private savings is 1065, investment is 1346 and the current account balance is negative (-220) how much is govt savings in this economy
Answers
Answered by
0
Answer:
wkkkejdjjdjdjjdjjdjjdddjjd
Explanation:
Answered by
0
Answer:
GS= 61
Explanation: S= 1065
I= 1346
Private Savings S= Y-C-T
Government Savings= T-G (G=Government Expenses)
Government expenditure minus tax revenue (G-T) represents the fiscal balance or public savings(GS).
Current Account Balance CAB= (X−M)
Therefore, CAB = -220= X-M
S-I = (G – T) + (X – M)
1065-1346= -GS -220
-281+220= -GS
-61= -GS
GS= 61
Similar questions