Chat with AI
Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Edition 13ISBN: 978-1305280601 Exercise 4
Explain why X - IM = ( S - I ) - ( G - T ). Now multiply both sides of this equation by -1 to get
IM - X = ( I - S ) + ( G - T )
and remember that the trade deficit, IM - X , is the amount we have to borrow from foreigners to get Borrowing from foreigners = ( I - S ) + ( G - T )
Explain the common sense behind this version of the fundamental equation.
IM - X = ( I - S ) + ( G - T )
and remember that the trade deficit, IM - X , is the amount we have to borrow from foreigners to get Borrowing from foreigners = ( I - S ) + ( G - T )
Explain the common sense behind this version of the fundamental equation.
Explanation
Verified
Verified
Common sense behind the Equation
Equati...
Macroeconomics 13th Edition by William Baumol ,Alan Blinder
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
