Homework Answers
Budget deficit is the difference between outlays and receipts.
When GDP=3 trillion
Budget deficit=0.5-0.1=0.4
Answer-0.4
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The table shows the receipts and the outlays of a nation at each level of real...
The graph shows the outlays and revenues curves for an economy Outlays and revenues (billions of...
The graph shows the outlays and revenues curves for an economy Outlays and revenues (billions of 2007 dollars) Actual real GDP is $1,300 billion 500- PotentiRevenues Draw a vertical line that shows a value of potential GDP such that the economy has a cyclical deficit. 400- 300 200- X That's incorrect X 100 What is the relationship between actual real GDP and potential GDP when the economy has a cyclical deficit? Outlays 1000 1100 1200 1300 1400 Real GDP billions...
Real interest rate (percent per year) 9.07 SLF The graph shows the supply of loanable funds...
Real interest rate (percent per year) 9.07 SLF The graph shows the supply of loanable funds and the demand for loanable funds in an economy Suppose the government has a budget deficit of $0.2 trillion and the Ricardo-Barro effect holds. Draw the new demand for loanable funds curve. Label it. Draw the new supply of loanable funds curve. Label it. Draw a point that shows the equilibrium quantity of loanable funds and interest rate. The Ricardo-Barro effect is the proposition...
Table 1 shows the labor market schedule and Table 2 shows the production Table 1 function schedule for the country of Moldovokia Quantity of labor Quantity of labor Real wage rate demanded supplied A...
Table 1 shows the labor market schedule and Table 2 shows the production Table 1 function schedule for the country of Moldovokia Quantity of labor Quantity of labor Real wage rate demanded supplied An increase in the population changes the quantity of labor supplied by 20 billion (2009 dollars per hour) 15 20 25 30 35 (billions of hours per year hours at each real wage rate What is the new potential GDP? Potential GDP is trillion 20 60 50...
Price Level (CPI) The hypothetical information in the following table shows what the situation will be...
Price Level (CPI) The hypothetical information in the following table shows what the situation will be in 2015 if the government does not use fiscal policy. 115 Potential Real Year GDP Real GDP Price Level 2014 2015 $1.52 trillion $1.57 trillion $1.52 trillion $1.52 trillion 106.0 108.3 a. If Parliament wants to keep real GDP at its potential level in 2015, it should use policy government purchases and/or The government should be taxes. 106 b. Parliament is successful in keeping...
The table below shows the annual consumption expenditure (C) and output (Y) for a developing nation....
The table below shows the annual consumption expenditure (C) and output (Y) for a developing nation. We assume that there are no taxes, so disposable income (DI) is the same as income (Y). Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. What is the value of autonomous consumption for this economy? $ __________ b. What is the equilibrium...
Given the values in the table, and assuming transfer payments = 0, compute the value of...
Given the values in the table, and assuming transfer payments =
0, compute the value of private saving. Private
saving = $_____________ trillion. (Round to one decimal
place.) Thank you!
QUESTION 3 Trillions of dollars GDP Consumption Government spending Exports Imports Budget balance Given the values in the table, and assuming transfer payments = 0, compute the value of private saving. Private saving = $ decimal place.) trillion. (Round to one QUESTION 4 Trillions of dollars GDP. GD Emotion .... $139 Consumption......
Indicate the correct answer and why, show work. Thank you The table shows the demand for...
Indicate the correct answer and why, show work. Thank you
The table shows the demand for loanable funds schedule and the supply of loanable funds schedule when the government budget is balanced. If the government budget deficit is $1.0 trillion and the Ricardo-Barro effect occurs, what are the real interest rate and the Real Loanable funds Loanable funds interest rate demanded supplied quantity of investment? If the Ricardo-Barro effect occurs, and if the government budget deficit is $1.0 trillion, the...
Please answer all parts of the question. If you do them all I will give you...
Please answer all parts of the question. If you do them all I will
give you a good rating if not I will report you. Answer like it was
an exam. Do all parts please. Thank you.
Answer all parts to get good rating.
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. expenditure (trillions of 2000 dollars) I5 12 45 line AE 0 3 692 Real GDP (trillions of 2000 dollars) 1)...
10.3 Extra Problem 1 Question Help Price level (GDP deflator, 2009=100) The Bureau of Economic Analysis...
10.3 Extra Problem 1 Question Help Price level (GDP deflator, 2009=100) The Bureau of Economic Analysis reported that real GDP during the second quarter of 2007 was $11.5 trillion and the GDP deflator was 120. The Congressional Budget Office estimated potential GDP to be $11.6 trillion in 2007 For the year 2007, draw: 1) the long-run aggregate supply curve 2) the aggregate demand curve 3) the short-run aggregate supply curve. Make the curves consistent with the numbers above and label...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) C...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Calculate the difference between GDP, GNP and national income. Item Wages Government expenditure Interest, rent, and profit Consumption expenditure 6.3 2.0 >>> lf an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign 25 7.7 GDP minus GNP is S trillion Investment 1.6 Net exports Indirect taxes less subsidies Retained profits Transfer...
The graph shows the outlays and revenues curves for an economy Outlays and revenues (billions of 2007 dollars) Actual real GDP is $1,300 billion 500- PotentiRevenues Draw a vertical line that shows a value of potential GDP such that the economy has a cyclical deficit. 400- 300 200- X That's incorrect X 100 What is the relationship between actual real GDP and potential GDP when the economy has a cyclical deficit? Outlays 1000 1100 1200 1300 1400 Real GDP billions...
Real interest rate (percent per year) 9.07 SLF The graph shows the supply of loanable funds and the demand for loanable funds in an economy Suppose the government has a budget deficit of $0.2 trillion and the Ricardo-Barro effect holds. Draw the new demand for loanable funds curve. Label it. Draw the new supply of loanable funds curve. Label it. Draw a point that shows the equilibrium quantity of loanable funds and interest rate. The Ricardo-Barro effect is the proposition...
Table 1 shows the labor market schedule and Table 2 shows the production Table 1 function schedule for the country of Moldovokia Quantity of labor Quantity of labor Real wage rate demanded supplied An increase in the population changes the quantity of labor supplied by 20 billion (2009 dollars per hour) 15 20 25 30 35 (billions of hours per year hours at each real wage rate What is the new potential GDP? Potential GDP is trillion 20 60 50...
Price Level (CPI) The hypothetical information in the following table shows what the situation will be in 2015 if the government does not use fiscal policy. 115 Potential Real Year GDP Real GDP Price Level 2014 2015 $1.52 trillion $1.57 trillion $1.52 trillion $1.52 trillion 106.0 108.3 a. If Parliament wants to keep real GDP at its potential level in 2015, it should use policy government purchases and/or The government should be taxes. 106 b. Parliament is successful in keeping...
Given the values in the table, and assuming transfer payments =
0, compute the value of private saving. Private
saving = $_____________ trillion. (Round to one decimal
place.) Thank you!
QUESTION 3 Trillions of dollars GDP Consumption Government spending Exports Imports Budget balance Given the values in the table, and assuming transfer payments = 0, compute the value of private saving. Private saving = $ decimal place.) trillion. (Round to one QUESTION 4 Trillions of dollars GDP. GD Emotion .... $139 Consumption......
Indicate the correct answer and why, show work. Thank you
The table shows the demand for loanable funds schedule and the supply of loanable funds schedule when the government budget is balanced. If the government budget deficit is $1.0 trillion and the Ricardo-Barro effect occurs, what are the real interest rate and the Real Loanable funds Loanable funds interest rate demanded supplied quantity of investment? If the Ricardo-Barro effect occurs, and if the government budget deficit is $1.0 trillion, the...
Please answer all parts of the question. If you do them all I will
give you a good rating if not I will report you. Answer like it was
an exam. Do all parts please. Thank you.
Answer all parts to get good rating.
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. expenditure (trillions of 2000 dollars) I5 12 45 line AE 0 3 692 Real GDP (trillions of 2000 dollars) 1)...
10.3 Extra Problem 1 Question Help Price level (GDP deflator, 2009=100) The Bureau of Economic Analysis reported that real GDP during the second quarter of 2007 was $11.5 trillion and the GDP deflator was 120. The Congressional Budget Office estimated potential GDP to be $11.6 trillion in 2007 For the year 2007, draw: 1) the long-run aggregate supply curve 2) the aggregate demand curve 3) the short-run aggregate supply curve. Make the curves consistent with the numbers above and label...
The table shows some of the items in an economy's National Income and Product Accounts. Amount (trillions of dollars) Calculate the difference between GDP, GNP and national income. Item Wages Government expenditure Interest, rent, and profit Consumption expenditure 6.3 2.0 >>> lf an answer is negative, include a minus sign. If an answer is positive, do not include a plus sign 25 7.7 GDP minus GNP is S trillion Investment 1.6 Net exports Indirect taxes less subsidies Retained profits Transfer...
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