Homework Answers
This will decrease the saving in the economy by $0.60 trillion and increase the interest rate that will decrease the investment in the market by 0.60 trillion. the answer is "B".
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Consider the following data for a closed economy: Y $12 trillion C $8 trillion G $2...
Consider the following data for a closed economy: Y = $15 trillion C = $9 trillion...
Consider the following data for a closed economy: Y = $15 trillion C = $9 trillion 1 = $3 trillion TR = $1 trillion T = $2 trillion Use the data to calculate the following. (Enter your responses as integers.) a. Private saving: $ trillion. b. Public saving: $ trillion. c. Government purchases: $ trillion. 171 SF- d. The government budget balance is $ trillion and as a result the government budget is in
Consider the following data for a closed economy Y = $12 trillion C = $8 trillion...
Consider the following data for a closed economy Y = $12 trillion C = $8 trillion = $2 trillion G = $2 trillion TR = $2 trillion T= $3 trillion Refer to the scenario above. Based on the information above, what is the level of public saving? O A. $0 O B. $1 trillion OC. $2 trillion O D. negative $1 trillion (a deficit of $1 trillion)
Consider the following data for a closed economy Y = $15 trillion C = $9 trillion...
Consider the following data for a closed economy Y = $15 trillion C = $9 trillion 1 = $1 trillion TR = $1 trillion T = $4 trillion Use the data to calculate the following. (Enter your responses as integers.) a. Private saving: $ trillion. b. Public saving: $ trillion. c. Government purchases: $ trillion d. The government budget balance is $ trillion and as a result the government budget is in surplus balance deficit
Question 4 4. Consider the following information for a closed economy. Y = $12 trillion, C...
Question 4
4. Consider the following information for a closed economy. Y = $12 trillion, C = $8 trillion, G = $2 trillion, Spublic $-0.5 trillion and T = $2 trillion. 1. What is private savings for this economy? 2. What is investment spending for this economy? 3. What are the transfer payments for this economy? 4. Is there a government budget defcit or surplus for this economy?
Consider an economy described by the following: c = $3.25 trillion 7 = $1.4 trillion G...
Consider an economy described by the following: c = $3.25 trillion 7 = $1.4 trillion G = $3.5 trillion T = $3 trillion NX = $-0.5 trillion 7= 1 mpc = 0.7 d = 0.4 x = 0.15 U D . = 3.25 +(1-0.7 )Y. The simplified expression for the investment function is: O A. 1 = 3.25 -0.4r. OB. 1 = 1 -0.7r. OC. 1 = 3.25 -0.7r. D. 1 = 1 -0.4. The simplified expression for the net...
2. The country, Hoosier (a closed economy), has the following data: GDP: Y = 1200, Consumption:...
2. The country, Hoosier (a closed economy), has the following data: GDP: Y = 1200, Consumption: C=600 - 10,000 r, Taxes: T = 200, Government purchases: G=300. The investment is I = 700 - 10,000 a. Use the information above to find the supply and demand equations for loanable funds: (i) Supply equation: 360 + 10,000+ sex theri um ii. Demand equation: 300 - 10.000 equat to b. What is the equilibrium interest rate, r, and what are national saving...
Question 75 0.5 pts Scenario 26-2. Assume the following information for an imaginary, closed economy GDP...
Question 75 0.5 pts Scenario 26-2. Assume the following information for an imaginary, closed economy GDP = $5 trillion; consumption = $3.1 trillion; government purchases = $0.7 tallion; and taxes = $0.9 trillion. 75. Refer to Scenario 26-2. For this economy, national saving is equal to O a $1.1 trillion. O b. $2.9 trillion. O c. $1.2 trillion O d. $1.7 trillion Question 77 0.5 pts 77. Wages set above the equilibrium wage by a. firms to increase morale are...
8) What is investment in a closed economy if you have the following economic data? Y...
8) What is investment in a closed economy if you have the following economic data? Y = $10 trillion C = $5 trillion TR = $2 trillion G = $2 trillion a. $5 trillion b. $2 trillion c. $3 trillion d. cannot be determined without information on taxes (T)
2. (1,75 p.) Consider a closed economy with fixed prices and wages. Suppose the consumption function...
2. (1,75 p.) Consider a closed economy with fixed prices and wages. Suppose the consumption function takes the form C-400 +0.2(Y-T), the invest function is I- 170-10i. Central Bank sets interest rates that results in the following LM curve i-0.02Y-10. Initially G T-100. Suppose that govemment controls both fiscal and monetary policy. The government wishes to increase output by 10% but to keep the budget in balance and investment unchanged. Describe in detail the combination of policies (specify the instruments...
Consider the following static (closed-economy) version of the Classical model: Y = F (K, L) C...
Consider the following static (closed-economy) version of the Classical model: Y = F (K, L) C = A + a(Y − T ), with A > 0 and 0 < a < 1, I = B − br, with B, b > 0, where A and B represent respectively the autonomous components of consumption (C) and investment (I). Assume the factor inputs, K (capital) and L (labor), are fixed in supply. Finally, assume that government expenditures (G) and taxes (T)...
Consider the following data for a closed economy: Y = $15 trillion C = $9 trillion 1 = $3 trillion TR = $1 trillion T = $2 trillion Use the data to calculate the following. (Enter your responses as integers.) a. Private saving: $ trillion. b. Public saving: $ trillion. c. Government purchases: $ trillion. 171 SF- d. The government budget balance is $ trillion and as a result the government budget is in
Consider the following data for a closed economy Y = $12 trillion C = $8 trillion = $2 trillion G = $2 trillion TR = $2 trillion T= $3 trillion Refer to the scenario above. Based on the information above, what is the level of public saving? O A. $0 O B. $1 trillion OC. $2 trillion O D. negative $1 trillion (a deficit of $1 trillion)
Consider the following data for a closed economy Y = $15 trillion C = $9 trillion 1 = $1 trillion TR = $1 trillion T = $4 trillion Use the data to calculate the following. (Enter your responses as integers.) a. Private saving: $ trillion. b. Public saving: $ trillion. c. Government purchases: $ trillion d. The government budget balance is $ trillion and as a result the government budget is in surplus balance deficit
Question 4
4. Consider the following information for a closed economy. Y = $12 trillion, C = $8 trillion, G = $2 trillion, Spublic $-0.5 trillion and T = $2 trillion. 1. What is private savings for this economy? 2. What is investment spending for this economy? 3. What are the transfer payments for this economy? 4. Is there a government budget defcit or surplus for this economy?
Consider an economy described by the following: c = $3.25 trillion 7 = $1.4 trillion G = $3.5 trillion T = $3 trillion NX = $-0.5 trillion 7= 1 mpc = 0.7 d = 0.4 x = 0.15 U D . = 3.25 +(1-0.7 )Y. The simplified expression for the investment function is: O A. 1 = 3.25 -0.4r. OB. 1 = 1 -0.7r. OC. 1 = 3.25 -0.7r. D. 1 = 1 -0.4. The simplified expression for the net...
2. The country, Hoosier (a closed economy), has the following data: GDP: Y = 1200, Consumption: C=600 - 10,000 r, Taxes: T = 200, Government purchases: G=300. The investment is I = 700 - 10,000 a. Use the information above to find the supply and demand equations for loanable funds: (i) Supply equation: 360 + 10,000+ sex theri um ii. Demand equation: 300 - 10.000 equat to b. What is the equilibrium interest rate, r, and what are national saving...
Question 75 0.5 pts Scenario 26-2. Assume the following information for an imaginary, closed economy GDP = $5 trillion; consumption = $3.1 trillion; government purchases = $0.7 tallion; and taxes = $0.9 trillion. 75. Refer to Scenario 26-2. For this economy, national saving is equal to O a $1.1 trillion. O b. $2.9 trillion. O c. $1.2 trillion O d. $1.7 trillion Question 77 0.5 pts 77. Wages set above the equilibrium wage by a. firms to increase morale are...
2. (1,75 p.) Consider a closed economy with fixed prices and wages. Suppose the consumption function takes the form C-400 +0.2(Y-T), the invest function is I- 170-10i. Central Bank sets interest rates that results in the following LM curve i-0.02Y-10. Initially G T-100. Suppose that govemment controls both fiscal and monetary policy. The government wishes to increase output by 10% but to keep the budget in balance and investment unchanged. Describe in detail the combination of policies (specify the instruments...
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