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The table presents information on the hypothetical economy of Hersty. Assume the government is running a deficit. Calculate the missing values in the table. All values are in millions of Herstian dollars. budget deficit in 2011: 500 Budget deficit Investment spending Private savings Trade deficit 2010 390 110 110 400 415 195 2011 2012 550 100 250 million Herstian dollars

The table presents information on the hypothetical economy of Hersty. Assume the government is running a deficit. Calculate the missing values in the table. All values are in millions of Herstian dollars. budget deficit in 2011: 500 Budget deficit Investment spending Private savings Trade deficit 2010 390 110 110 400 415 195 2011 2012 550 100 250 million Herstian dollars

MACROECONOMICS
MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter11: Managing Aggregate Demand: Fiscal Policy
Section11.B: Algebraic Treatment Of Taxes And Fiscal Policy
Problem 3TY
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The table presents information on the hypothetical economy of Hersty. Assume the government is running a deficit. Calculate the missing values in the table. All values are in millions of Herstian dollars. budget deficit in 2011: 500 private savings in 2012: 700 trade deficit in 2010: 680 Budget deficit Investment spending Private savings Trade deficit 0 2010 390 110 400 2011 110 415 195 2012 550 100 250 million Herstian dollars million Herstian dollars million Herstian dollars.
Transcribed Image Text:The table presents information on the hypothetical economy of Hersty. Assume the government is running a deficit. Calculate the missing values in the table. All values are in millions of Herstian dollars. budget deficit in 2011: 500 private savings in 2012: 700 trade deficit in 2010: 680 Budget deficit Investment spending Private savings Trade deficit 0 2010 390 110 400 2011 110 415 195 2012 550 100 250 million Herstian dollars million Herstian dollars million Herstian dollars.
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