Economy was running trade surplus

Assignment Help Business Economics

Reference no: EM133636532

Question

Last year, an economy was running a trade surplus of $90 billion, and private investment was $190 billion. Despite the trade surplus, the government was running a budget deficit of $160 billion. Determine the value of private savings for the current year if it is known that the budget deficit decreased by 50% while private investment and the trade balance remained the same. Write the exact answer.

Reference no: EM133636532

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