In a Small Open Economy

question 73

Essay

In a small open economy,
Sd = $5 billion + ($100 billion)rw,
Id = $10 billion - ($50 billion)rw,
Y = $50 billion,
G = $3 billion,
rw = .06.
(a)Calculate the current account balance.
(b)Calculate net exports.
(c)Calculate desired consumption.
(d)Calculate absorption.

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Definitions:

Formal Mentoring

A structured relationship in which an experienced individual (mentor) provides guidance and support to a less experienced individual (mentee) for personal and professional development.

Communication Skills

The abilities required to convey or exchange information, ideas, and feelings effectively.

Interpersonal Skills

Abilities that enable a person to interact effectively and harmoniously with other individuals.

Sabbatical

A leave of absence from an organization to renew or develop skills.