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Unformatted text preview: = $7,700 $5,300 = $2,400. 2. What was the budget deficit per capita? Budget Deficit = = Government Expenditure Taxes Net of Transfers = $8,900 $7,600 = $1,300. 3. What was the domestic private saving per capita? Domestic Private Saving = = Total Income Net Taxes Private Consumption = $45,800 $7,600 $32,200 = $6,000. 4. What was investment per capita? Investment = Private Saving + Public Saving + Foreign Quick Quiz 3 Solution!...
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This note was uploaded on 01/27/2012 for the course ECON 509 taught by Professor Villamil during the Fall '08 term at University of Illinois, Urbana Champaign.
- Fall '08