Quick%20Quiz%203%21 - = $7,700 $5,300 = $2,400. 2. What was...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
© Hadi Salehi Esfahani Quick Quiz 3! In 2005 in the U.S., on a per capita basis we had Exports = $5,300 Imports = $7,700 Taxes Net of Transfers = $7,600 Government spending on goods and services = $8,900 Private Consumption = $32,200 Gross Domestic Product (Income) = $45,800 1. What was the trade deficit per capita? 2. What was the budget deficit per capita? 3. What was the domestic private saving per capita? 4. What was investment per capita?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
© Hadi Salehi Esfahani 1. What was the trade deficit per capita? Trade Deficit (Foreign Saving) = Imports  Exports
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

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!...
View Full Document

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.

Page1 / 2

Quick%20Quiz%203%21 - = $7,700 $5,300 = $2,400. 2. What was...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online