QUESTION 8 Suppose that the government deficit is 10, interest on the government debt is 5, taxes are 40, government expenditures are 30, consumption expenditures are 80, net factor payments are 10, the current account surplus is -5, and national saving is 20. Calculate private disposable income. Calculate transfers. ........ Calculate GDP. Calculate GNP 1 2 3 4 out 10

QUESTION 8 Suppose that the government deficit is 10, interest on the government debt is 5, taxes are 40, government expenditures are 30, consumption expenditures are 80, net factor payments are 10, the current account surplus is -5, and national saving is 20. Calculate private disposable income. Calculate transfers. ........ Calculate GDP. Calculate GNP 1 2 3 4 out 10

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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