canadian consumers have 50 dollar in come this is


Canadian consumers have 50 dollar in come this is eual to the gross domestic product. they spand 35 dollars on comuser goods (25 on canadian goods annd 10 on imports) they save 8 dollars and pay 7 dollars in taxes. the goverment collectss 7 dollar sin domestic investment spending. The goverment and firms buy no imports. what is canada''s current account (surplus or deficit) balance? Explain how you go your answer.

Request for Solution File

Ask an Expert for Answer!!
International Economics: canadian consumers have 50 dollar in come this is
Reference No:- TGS0161324

Expected delivery within 24 Hours