(Answered) A suppose that for a given year national saving in a

Economics

a. Suppose that, for a given year, national saving in a country (an open economy) equals 100, private consumption equals 50, and government consumption equals 20. What is the level of output in this country in this year? And what about the level of investment?

b. Consider the following statement: "A country is better off running a current account surplus rather than a current account deficit." Do you agree or disagree? Explain.

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