Answer:
The current account deficit will increase from 1% to 31% of GDP.
Explanation:
National saving and investment identity helps in understanding the determinants of trade and current account balance. The current account is in balance when the quantity demanded of financial capital is equal to the quantity supplied of financial capital.
Here, the government saving or surplus and private savings are the supply of financial capital and investment indicates demand for financial capital.
The current account balance is
= Supply of capital - Demand for capital
= (30 + 2)% - 33%
= 32% - 33%
= -1%
So the current account is in deficit by 1% of GDP.
If the private savings becomes zero, the current account balance will be
= Supply of capital - Demand for capital
= 2% - 33%
= -31%
The current account will be in deficit by 31%.
Answer:
She owes 4500 because she leased the apartment for 1 year and her yearly total would be 6,000 but since she left after three months the amount she paid was 1,500 and 6,000 - 1,500 is 4,500 that is how much she owes.
Explanation:
I hope this helped have a great day!
I think the answer is D.52
