Another first-year Macroeconomics question: see details?

1 Answer

Answer :

to the first one: the variables are given and with that, you can calculate G. The variables in the GDP equation do mean exactly what is given in the question: private savings = C, net domestic investment = I and the exports – imports = Nx (netto exports). I hope that helps a bit, my macroeconomics class was some time ago.

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