Find what is the government budget balance

Reference no: EM13204908

Open Economy S = I
In an open economy suppose that GDP is $12 trillion.
Consumption is $8 trillion and government spending is $2 trillion.
Taxes are $0.5 trillion. Exports are $1 trillion and imports are $3 trillion.

How much is private saving?

What is the government budget balance?

How much is national saving?

Reference no: EM13204908

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