Answer: Trade deficit
Explanation: In simple words, trade deficit is the excess of a country's imports over its exports. The excess of imports means the country has done expenditure more than it has made revenue. This is seen as a negative sign for an economy. The trade deficit is usually calculated for one financial year.
Hence, from the above we can conclude that the answer to the given problem is trade deficit.
Answer: 500
Explanation:
At equilibrium, it should be noted that,
Y = C + I + G
where ,
C = Consumption = 20 + 0.7(Y - T)
I = Investment = 100
G = Government expenditure = 100
Y = C + I + G
Y = 20 + 0.7(Y - 100) + 100 + 100
Y = 20 + 0.7Y - 70 + 200
Y - 0.7Y = 150
0.3Y = 150
Y = 150/0.3
Y = 500
It’s clearly contributing to increased integration of labor markets and closing the wage gap between workers in advanced and developing economies, especially through the spread of technology. It also plays a part in increasing domestic & income inequality ^^
Answer:
Refer below.
Explanation:
Answer is intended both & Done.
