Chapter 9 Formulas and Definitions All symbols are as in the…
Chapter 9 Formulas and Definitions All symbols are as in the textbook and lectures. CA + FA = 0, ignoring KA, and except for the statistical discrepancy GDP = C + I + G + X – M GNP = GDP + net primary income + net secondary income GNP = C + I + G + CA S + (T – G) = I + CA ********************************* Information for questions 8-9 Consider the following hypothetical information on the National Income and Product Accounts for Indonesia. The amounts are in billions of dollars, but ignore the “billions” part, that is, just treat the numbers as whole numbers in dollars. Assume that the Statistical Discrepancy is 0. Indonesia’s Capital Account is 0. For all questions, enter a whole number of the appropriate sign. Enter 0 if the answer cannot be obtained with the information given. Only exact answer is accepted, so double check your calculations. The answers may be positive or negative, make sure to enter the right sign. Calculate Indonesia’s public savings.