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Macroeconomic accounts for three countries

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Reference no: EM131246619

The following table provides some hypothetical data on macroeconomic accounts for three countries represented by A, B, and C and measured in billions of currency units. In the table, private household saving is SH, tax revenue is T, government spending is G, and investment spending is I.

 

A

B

C

SH

700

500

600

T

00

500

500

G

600

350

650

I

800

400

450

a. Calculate the trade balance (E - Z) and the net inflow of foreign saving (SF) for each country.

b. State whether each one has a trade surplus or deficit (or balanced trade).

c. State whether each is a net lender or borrower internationally and explain.

Reference no: EM131246619

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