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October 25, 2014

Homework Help: Economics

Posted by lucky on Tuesday, September 23, 2008 at 11:03am.

(Value in billions of dollars)
Consumption = 140
Business fixed and residential investment = 27
Inventory stock at the end of 2003 = 10
Inventory stock at the end of 2004 = 5
Depreciation = 12
Government outlays = 80
Government purchases = 65
Total government tax receipts = 60
Exports = 21
Imports = 17
Labor income = 126
Capital income = 70
Net income foreigners = 5
Indirect business taxes = 28

Calculate the following.:
1) Inventory investment
2) Net exports
3) Gross domestic products
4) Statistical discrepancy
5) National saving

(Verify that national saving equals investment plus net exports.)

I think the only right answer I got is next exports which is export import and that would give me 4

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