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Ch 10 Balance of payments

1 uses of income ycspt eq 2 ycspt putting 1 2

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Unformatted text preview: (X-M) = C + Sp +T and rearranging C+I+G+(X-M) yields yields Domestic saving and the current account (Pg 348) account (X - M) = (Sp - I) + (T- G) .. Eq 3 This is the net borrowing of the nation The time path of Eq 3 The US situation Thinking about the US trade balance in the Thinking perspective of the US trade deficit perspective What’s the role of the capital/financial What’s account? account?...
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