Homework Answers
The total amount of leakages from the nationsnfliw of income and expenditure a must equal the total amount of injections into the nation's flow of income and expenditure.
True. Disposable income is total income less taxes.
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3. National accounting identities Let I stand for investment spending, G for government purchases, X for...
3. National accounting identities Let C stand for consumption spending, I for investment, G for government...
3. National accounting identities Let C stand for consumption spending, I for investment, G for government purchases, X for exports, IM for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+ (X-IM) = DI + NT Which of the following best characterizes the above identity? O National income must equal domestic product. National income must equal the total amount of leakages from the nation's flow of income and...
Let C stand for consumption spending, I for investment, G for government purchases, X for exports,...
Let C stand for consumption spending, I for investment, G for government purchases, X for exports, M for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+(X-M)= DI + NT Which of the following best characterizes the above identity? Aggregate income must equal the total amount of leakages from the nation's flow of income and expenditures Domestic product must exceed aggregate income. O Aggregate income must equal domestic...
2. The circular flow of income and expenditure The income and expenditure approaches to measuring a...
2. The circular flow of income and expenditure The income and expenditure approaches to measuring a nation's GDP can be combined using the circular flow model. Categorize each flow in the following table as part of either aggregate demand or national income. Flow Aggregate Demand National Income Net taxes (NT) O Investment spending (1) Consumption (C) Government purchases (G) OOO Net exports (X - IM) Disposable income (DI) 0 While national income and domestic product must be equal, income must...
(1) Calculate the government spending multiplier if, an increase in government spending by $5 million increases...
(1) Calculate the government spending multiplier if, an increase in government spending by $5 million increases real GDP by $20 million. Group of answer choices 0.20 0.25 2 5 4 (2) A major benefit of automatic stabilizers is that they: Group of answer choices guarantee a balanced budget over the course of the business cycle. have a tendency to reduce the national debt. moderate the effect of fluctuations in the business cycle. require legislative review by Congress before they can...
sing and government purchases are leakages. 8. In a mixed closed economy: A taxes and government...
sing and government purchases are leakages. 8. In a mixed closed economy: A taxes and government purchases are leakages, while investment and saving are injections. • taxes and investment are injections, while saving and government purchases are leakages. taxes and savings are leakages, while investment and government purchases are injections. 1. government purchases and saving are injections, while investment and taxes are leakages. 9. In a mixed open economy, the equilibrium GDP is determined at that point where: A.S. +M+...
questions e,f,g! ***** ......$325 ......$98 .....$410 vuviai IVURI G Government Purchases of goods and services.......
questions
e,f,g!
***** ......$325 ......$98 .....$410 vuviai IVURI G Government Purchases of goods and services.......... rivuuvo RUVUU $580 Indirect business taxes.... $230 Personal consumption expenditures........... $1,520 Depreciation.... ..$310 Proprietors' income. ...$175 Employer contribution to public and private pensions plans..******* Net interest........ Gross private domestic investment....... Rental income.. $45 Exports....... $450 Imports...... $260 Corporate profits........ $225 Wages and salaries.. ...$1,302 Social secyrity payroll taxes.... $235 Government transfer payments to indivduals............ Personal interest and dividends and business transfers to individuals......$340 Personal taxes....
1) Use the national income identity (S-1) = (G + TR - TA) + (X-M) to...
1) Use the national income identity (S-1) = (G + TR - TA) + (X-M) to answer the following questions as true, false or uncertain and justify your answer. a). If the budget deficit is positive, imports are likely to increase more than exports. (8 points) b) If the budget deficit decreased by $15 billion, private domestic saving decreased by $20 billion, exports increased by $10 billion, and imports increased by $15 billion. Domestic investment must have increased by $30...
QUESTION 3 Tribons of dolers GDP Consumption Government spending Exports Imports Budget balance Given the values...
QUESTION 3 Tribons of dolers GDP Consumption Government spending Exports Imports Budget balance Given the values in the table, and assuming transfer payments trillion (Round to one decimal place.) , compute the value of private saving. Private saving QUESTION 4 Trons GDP Consumption Government pending Exports Imports Budget balance What is the value of national savings for the hypothetical economy whose data is given in the table? National Savings trillion.(Round to one decimal place.) 5 QUESTION 5 Tribons of dollars...
The net export function illustrates that:A) net exports are a positive function of domestic income....
The net export function illustrates that:A) net exports are a positive function of domestic income.B) net exports are independent of domestic income.C) net exports are a negative function of domestic income.D) imports are independent of domestic income.E) exports are independent of foreign income. Suppose the marginal propensity to import for country A is 0.4. Calculate the change in total value of imports of the country if national income increases by $100,000.A) $16,000B) $20,000C) $60,000D) $40,000E) $25,000 An MPI of 0.4 indicates that...
Question 3: National Accounting (20 Marks) In Table 2 you find figures taken from some Country's...
Question 3: National Accounting (20 Marks) In Table 2 you find figures taken from some Country's national accounts for the 2018 fiscal year. Figures are in billions of dollars. Find: a) Savings b) Private Savings c) Net Government Income d) Gross National Product e) Net Exports f) Government Interest Payments g) Current Account Balance Variable Y (GDP) NFP (Net Factor Payments) C (Consumption) G (Government Expenditures) PDI (Personal Disposable Income) I (Investment) T (Taxes) TR (Government Transfers) Value 2000 100...
3. National accounting identities Let C stand for consumption spending, I for investment, G for government purchases, X for exports, IM for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+ (X-IM) = DI + NT Which of the following best characterizes the above identity? O National income must equal domestic product. National income must equal the total amount of leakages from the nation's flow of income and...
Let C stand for consumption spending, I for investment, G for government purchases, X for exports, M for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+(X-M)= DI + NT Which of the following best characterizes the above identity? Aggregate income must equal the total amount of leakages from the nation's flow of income and expenditures Domestic product must exceed aggregate income. O Aggregate income must equal domestic...
2. The circular flow of income and expenditure The income and expenditure approaches to measuring a nation's GDP can be combined using the circular flow model. Categorize each flow in the following table as part of either aggregate demand or national income. Flow Aggregate Demand National Income Net taxes (NT) O Investment spending (1) Consumption (C) Government purchases (G) OOO Net exports (X - IM) Disposable income (DI) 0 While national income and domestic product must be equal, income must...
sing and government purchases are leakages. 8. In a mixed closed economy: A taxes and government purchases are leakages, while investment and saving are injections. • taxes and investment are injections, while saving and government purchases are leakages. taxes and savings are leakages, while investment and government purchases are injections. 1. government purchases and saving are injections, while investment and taxes are leakages. 9. In a mixed open economy, the equilibrium GDP is determined at that point where: A.S. +M+...
questions
e,f,g!
***** ......$325 ......$98 .....$410 vuviai IVURI G Government Purchases of goods and services.......... rivuuvo RUVUU $580 Indirect business taxes.... $230 Personal consumption expenditures........... $1,520 Depreciation.... ..$310 Proprietors' income. ...$175 Employer contribution to public and private pensions plans..******* Net interest........ Gross private domestic investment....... Rental income.. $45 Exports....... $450 Imports...... $260 Corporate profits........ $225 Wages and salaries.. ...$1,302 Social secyrity payroll taxes.... $235 Government transfer payments to indivduals............ Personal interest and dividends and business transfers to individuals......$340 Personal taxes....
1) Use the national income identity (S-1) = (G + TR - TA) + (X-M) to answer the following questions as true, false or uncertain and justify your answer. a). If the budget deficit is positive, imports are likely to increase more than exports. (8 points) b) If the budget deficit decreased by $15 billion, private domestic saving decreased by $20 billion, exports increased by $10 billion, and imports increased by $15 billion. Domestic investment must have increased by $30...
QUESTION 3 Tribons of dolers GDP Consumption Government spending Exports Imports Budget balance Given the values in the table, and assuming transfer payments trillion (Round to one decimal place.) , compute the value of private saving. Private saving QUESTION 4 Trons GDP Consumption Government pending Exports Imports Budget balance What is the value of national savings for the hypothetical economy whose data is given in the table? National Savings trillion.(Round to one decimal place.) 5 QUESTION 5 Tribons of dollars...
Question 3: National Accounting (20 Marks) In Table 2 you find figures taken from some Country's national accounts for the 2018 fiscal year. Figures are in billions of dollars. Find: a) Savings b) Private Savings c) Net Government Income d) Gross National Product e) Net Exports f) Government Interest Payments g) Current Account Balance Variable Y (GDP) NFP (Net Factor Payments) C (Consumption) G (Government Expenditures) PDI (Personal Disposable Income) I (Investment) T (Taxes) TR (Government Transfers) Value 2000 100...
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