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nataly862011 [7]
3 years ago
10

We have the following data for a hypothetical open​ economy: GNP​ = ​$10 comma 00010,000 Consumption​ (C) = ​$8 comma 2008,200 I

nvestment​ (I) = ​$1 comma 2001,200 Government Purchases​ (G) = ​$1 comma 2001,200 What is the value of the current account​ balance? ​$nothing ​(Enter your answer as an integer. Include a minus sign if necessary​).
Business
1 answer:
jok3333 [9.3K]3 years ago
7 0

Answer:

Current account​ balance. = -$600

Explanation:

Given:

GNP = $10,000

Consumption (C) = $8,200

Investment (I) = $1,200

Government Purchases (G) = $1,200

Find:

Current account​ balance.

Computation:

GNP = Consumption (C) + Investment (I) + Government Purchases (G) + Current account​ balance.

$10,000 = $8,200 + $1,200 + $1,200 + Current account​ balance.

Current account​ balance. = $10,000 - $10,600

Current account​ balance. = -$600

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