Which of the following are leakages from the circular flow of income? Group of answer choices...
Which of the following are leakages from the circular flow of income?
Group of answer choices
Savings, taxes, and imports
Investment, government purchases, and exports
Investment, taxes and bonds
Imports, wages and taxes
Homework Answers
Answer
Option 1
Savings, taxes, and imports
the Savings, taxes, and imports are leakages from the circular flow as it does not generate the new income and consumption and so.
Add Answer to:
Which of the following are leakages from the circular flow of
income?
Group of answer choices...
1. The expanded circular-flow diagram Aa Aa The diagram below shows an expansive circular-flow diagram for the U.S. eco...
1. The expanded circular-flow diagram Aa Aa The diagram below shows an expansive circular-flow diagram for the U.S. economy, with arrows pointing in the direction that money flows. To facilitate reference, letter labels have been placed on certain arrows of the diagram Government purchases of goods and services Government borrowing Government Taxes Government transfers Private savings Households Wages, profit, interest, Consumer spending rent Markets for goods and services Factor markets Financial markets Gross Wages, profit, interest, rent domestic Borrowing and...
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...
what is the answer? Name the three injections to the circular flow. Select one: O a....
what is the answer?
Name the three injections to the circular flow. Select one: O a. Investment, exports, and government spending O b. Expenses, income, and exports O c. Saving, imports, and taxes d. Consumption, investment, and imports Name the three injections to the circular flow. Select one: O a. Investment, exports, and government spending O b. Expenses, income, and exports O c. Saving, imports, and taxes d. Consumption, investment, and imports
Answer for both please! Question 5 1 pts Using the circular flow, "crowding out" refers to...
Answer for both please!
Question 5 1 pts Using the circular flow, "crowding out" refers to When imports are greater than exports When government runs a surplus When government borrows money When government raises taxes Question 6 1 pts Using the circular flow, if government spending exceeds the amount of taxation (ie a deficit), which of the following is true Leakages exceed injections The government is trying to reduce growth The economy will shrink Injections exceed leakages
I need a step by step solution of the following problem; (Figure 7-2: Expanded Circular-Flow Model) Government purchase...
I need a step by step solution of the following problem;
(Figure 7-2: Expanded Circular-Flow Model) Government purchases of goods and services = $200 Government borrowing = $70 Government $150 = Taxes Government transfers = $20 Private savings = $170 Consumer spending = $700 Households Wages, profit, interest, rent = $1,000 Markets for goods and services Factor markets Financial markets Gross domestic product Wages, profit, interest, rent - $1,000 Borrowing and stock issues by firms = $120 Firms Investment spending...
Answer for both please! Question 7 1 pts Which of the following would potentially cause the...
Answer for both please!
Question 7 1 pts Which of the following would potentially cause the economy to grow slower More government spending More investment More exports More imports Question 8 1 pts Using the circular flow, which of the following would potentially cause the economy to grow faster More government spending More taxes More imports More savings
Figure 7-1: Circular-Flow Model: Use the following to answer questions 6-7: Wages, dividends, interest rent =...
Figure 7-1: Circular-Flow Model: Use the following to answer questions 6-7: Wages, dividends, interest rent = $500 Wages, dividends, interest rent = $500 Factor markets Firms Households Consumer spending - $400 Taxes = $100 Goods and services markets Imports = $30 Government Government purchases of Exports goods and - $30 services = $100 Rest of world 6. (Figure 7-1: Circular-Flow Model) Use Figure 7-1: Circular-Flow Model. If the circular- flow model is in equilibrium (the sum of money flowing into...
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+...
3. National accounting identities Let I stand for investment spending, G for government purchases, X for...
3. National accounting identities Let I stand for investment spending, G for government purchases, X for exports, S for saving, NT for net taxes (taxes minus transfer payments), and IM for imports. Consider the following identity and answer the questions that follow. I+ G+X = S+ NT + IM Which of the following best characterizes the above identity? The total amount of leakages from the nation's flow of income and expenditures must equal national income The total amount of leakages...
(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...
1. The expanded circular-flow diagram Aa Aa The diagram below shows an expansive circular-flow diagram for the U.S. economy, with arrows pointing in the direction that money flows. To facilitate reference, letter labels have been placed on certain arrows of the diagram Government purchases of goods and services Government borrowing Government Taxes Government transfers Private savings Households Wages, profit, interest, Consumer spending rent Markets for goods and services Factor markets Financial markets Gross Wages, profit, interest, rent domestic Borrowing and...
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...
what is the answer?
Name the three injections to the circular flow. Select one: O a. Investment, exports, and government spending O b. Expenses, income, and exports O c. Saving, imports, and taxes d. Consumption, investment, and imports Name the three injections to the circular flow. Select one: O a. Investment, exports, and government spending O b. Expenses, income, and exports O c. Saving, imports, and taxes d. Consumption, investment, and imports
Answer for both please!
Question 5 1 pts Using the circular flow, "crowding out" refers to When imports are greater than exports When government runs a surplus When government borrows money When government raises taxes Question 6 1 pts Using the circular flow, if government spending exceeds the amount of taxation (ie a deficit), which of the following is true Leakages exceed injections The government is trying to reduce growth The economy will shrink Injections exceed leakages
I need a step by step solution of the following problem;
(Figure 7-2: Expanded Circular-Flow Model) Government purchases of goods and services = $200 Government borrowing = $70 Government $150 = Taxes Government transfers = $20 Private savings = $170 Consumer spending = $700 Households Wages, profit, interest, rent = $1,000 Markets for goods and services Factor markets Financial markets Gross domestic product Wages, profit, interest, rent - $1,000 Borrowing and stock issues by firms = $120 Firms Investment spending...
Answer for both please!
Question 7 1 pts Which of the following would potentially cause the economy to grow slower More government spending More investment More exports More imports Question 8 1 pts Using the circular flow, which of the following would potentially cause the economy to grow faster More government spending More taxes More imports More savings
Figure 7-1: Circular-Flow Model: Use the following to answer questions 6-7: Wages, dividends, interest rent = $500 Wages, dividends, interest rent = $500 Factor markets Firms Households Consumer spending - $400 Taxes = $100 Goods and services markets Imports = $30 Government Government purchases of Exports goods and - $30 services = $100 Rest of world 6. (Figure 7-1: Circular-Flow Model) Use Figure 7-1: Circular-Flow Model. If the circular- flow model is in equilibrium (the sum of money flowing into...
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+...
3. National accounting identities Let I stand for investment spending, G for government purchases, X for exports, S for saving, NT for net taxes (taxes minus transfer payments), and IM for imports. Consider the following identity and answer the questions that follow. I+ G+X = S+ NT + IM Which of the following best characterizes the above identity? The total amount of leakages from the nation's flow of income and expenditures must equal national income The total amount of leakages...
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