Suppose that in a closed economy GDP is equal to 20,000, consumption equal to 15,000, government purchases equal 4,000 and taxes equal 3,000. What are private saving, public saving, and national saving?
a. |
-2,000, 1,000, and 2,000, respectively. |
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b. |
1,000, 2,000, and 3,000, respectively. |
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c. |
2,000, -1,000, and 1,000, respectively. |
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d. |
2,000, 1,000, and 2,000, respectively. |
Suppose that in a closed economy GDP is equal to 20,000, consumption equal to 15,000, government...
Suppose that in a closed economy GDP is equal to $11,000, net taxes are equal to $2,500, consumption equals $7,500 and government purchases equal $2,000. What are private saving, public saving, and national saving? $1,500, $1,000, and $500, respectively $1,000, $500, and $1,500, respectively $500, $1,500, and $1,000, respectively None of the above is correct.
For a closed economy, GDP is $13 trillion, consumption is $9 trillion, taxes are $4 trillion and the government runs a surplus of $1 trillion. What is national saving? a.$1 trillion b.$5 trillion c.$2 trillion d.$3 trillionIn the economy of Russia in 2020, consumption was $3500, exports were $200, GDP was $7200, government purchases were $2500, and investment was $2,000. What were Russia’s imports in 2020? a.$14,400 b.$800 c.$8200 d.$1,000Suppose that in a closed economy GDP is equal to 10,000,...
2. Suppose GDP of a closed economy is $10 billion, consumption is $7 billion, private saving is $1 billion and public saving is $0.2 billion. Calculate taxes, government purchases, national saving and investment.
In a closed economy, private saving is equal to which of the following? (Y = GDP, C = Consumption, G-Government purchases, T = Taxes, and TR-Transfers)
Suppose that consumption is $2,200, investment is $350, and government spending is $500. The economy is closed so there are no net exports. Taxes are $425. Based on this information: National saving is $ Private saving is $ Government (public) saving is $ Enter whole numbers.
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 r a. Use the information above to find the supply and demand equations for loanable funds: i. Supply equation: ii. Demand equation: _ b. What is the equilibrium interest rate, r, and what are national saving and investment, S and I?...
4 Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.
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...
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+...
2. Suppose GDP is S600 billion taxes are S100 billion private saving is S50 billion, public saving is $20 billion, assuming that this economy is closed. Calculate consumption government purchase, national saving and investment?