aq27Mar1 - 1,700 4.How much foreign finance is being used...

Name [ last, first] SS#
Suppose you are given the following information on the US
Economy, all in billions of dollars:
C I G X M S T
8,50
0
2,10
0
2,30
0
2,40
0
1,90
0
2,100
[Y = C + I + G + (X – M) = C + S + T]
1.What are imports, M?
I + G + X – (S + T) = M, so M is 2,100 + 2,300 + 2,400 –
(1,900 + 2,100) = 6,800 – 4,000 = 2,800
2.What is government saving?
Govt saving is (T – G) = 2,100 – 2,300 = -200
3.What is national saving?
Nat saving is S + (T - G) = 1,900 + (-200) =