GDP = C + I + G + (X – M) = C + S + T Derive the Budget Deficit and – InterviewSolution

InterviewSolution

1.

GDP = C + I + G + (X – M) = C + S + T Derive the Budget Deficit and Trade Deficit equations from the above identity.

Answer»

GDP = C + I + G + (X – M) = C + S + T

Budget deficit = G – T

Trade deficit = M – X

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