C=40+0.8YC=40+0.8Y
Ig=Ig=40Ig=Ig=40
X=X=20X=X=20
M=M=30M=M=30
(Advanced...
Business, 24.04.2020 18:21 meababy2009ow9ewa
C=40+0.8YC=40+0.8Y
Ig=Ig=40Ig=Ig=40
X=X=20X=X=20
M=M=30M=M=30
(Advanced analysis) The equations give information for a private open economy. The letters Y, C, Ig, X, and M stand for GDP, consumption, gross investment, exports, and imports, respectively. Figures are in billions of dollars. This nation is experiencing
a. a trade surplus.
b. balance in its international trade.
c. unemployment.
d. a trade deficit.
Answers: 1
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