National accounts-what is the savings rate

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Suppose the country of Laurelstan has the following national accounts in 2010: GDP = 100, C=70, I = 40, G = 20, net factor payments (NFP) = 0 and EX = 20. (a) What is Y = GNP in Laurelstan in 2010? (b) What is the value of Laurelstan’s imports in 2010? (c) What is the current account balance? (d) What is the savings rate? (e) What would the government, private and total savings rate be if the government introduced taxes T = 10 while the other variables remained unchanged?

Reference no: EM131172298

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