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Suppose a country has total GDP (Y) = $10 trillion, consumption = $7 trillion, government spending = $2 trillion, investment = $2 trillion, and taxes = $1.5 trillion.
Instructions: Round your answers to one decimal place and include a negative sign if necessary.
a. What is the level of net exports or balance of trade?
$ trillion.
b. What is the level of public savings?
c. What is the level of private savings?
d. What is the level of net capital outflow?
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