Acountry finds itself in the following situation: a government budget deficit of $800; total domestic savings of $1800, and total domestic physical capital investment of $1300. according to the national saving and investment identity, what is the current account balance?
As we know that,
Export - Import = Private savings + (Taxes - government spending) - investment
Export - Import = $1,800 + ($0 - $800) - $1,300
Export - import = $1,800 - $800 - 1,300
Export - import = $1,800 - $2,100
Export - Import = - $300
The export - import = current account balance
So, it is a $300 deficit
a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.
so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.
the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed