Suppose that the U.S. and Chinese economies are the same size. If this is true, then net exports of the United States must equal $ enter your response here trillion and net exports of China must equal $ enter your response here trillion. (Round your answers to one decimal place and include a minus sign if necessary.)
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S. and Chinese economies are the same size, their GDPs are equal. Show more…
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Suppose the U.S. has a closed economy with GDP (Y) equal to $19.5 trillion, consumption (C) equal to $12.1 trillion, government spending (G) equal to $3.4 trillion, transfer payments (TR) equal to $1.6 trillion, and taxes (T) equal to $5.4 trillion. What is public savings (SPublic)? Provide your answer in trillions of dollars rounded to one decimal place. Use a negative sign "-" for negative values. Do not include any symbols, such as "$", "=", "%", or "," in your answer.
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