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Question 4
4. Consider the following information for a closed economy. Y = $12 trillion, C...
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
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 $12 trillion C $8 trillion G $2...
Consider the following data for a closed economy: Y $12 trillion C $8 trillion G $2 trillion Spublic $-0.50 trillion T $2 trillion Now suppose that government purchases increase from $2 trillion to $2.60 trillion but the values of Y and C are unchanged. What must happen to the values of S and 1? O A. S drops by $0.60 trillion and I increases by $0.60 trillion O B. S and I drop by $0.60 trillion O C. S and...
Question 2 (1 point) In an open economy suppose that GDP is $12 trillion. Consumption is...
Question 2 (1 point) In an open economy suppose that GDP is $12 trillion. Consumption is $8 trillion and government spending is $2 trillion, Taxes are $0.5 trillion. Exports are $1 trillion and imports are $3 trillion. What is private saving? $4 trillion $3.5 trillion $2.5 trillion $1.5 trillion Question 1 (1 point) Interest rate (%) Supply of loanable funds Demand for loanable funds 0 10 20 30 40 50 60 70 80 90 100 Quantity of loanable funds (billions...
Consider an economy with total GDP of $15 trillion, total household consumption of $10 trillion, total...
Consider an economy with total GDP of $15 trillion, total household consumption of $10 trillion, total government spending of $3 trillion, imports of $4 trillion and exports of $3 trillion. The net factor payments households receive is $0.2 trillion, and the total taxes paid to the government are $2 trillion. 3.1 Calculate the total private investment in this economy. 3.2 Calculate gross national product. 3.3 Calculate the total national saving. 3.4 Calculate the current account surplus
1. Given the following information about the closed economy of Brittania, what is the level of...
1. Given the following information about the closed economy of Brittania, what is the level of investment spending and private savings, and what is the budget balance? Assume there are no government transfers. GDP = $1340.00 million C $790.00 million T = $270.00 million G = $250.00 million million million Private Savings s million Budget balance S million National Savings S
In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, and taxes...
In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, and taxes are as follows: Y = $12 trillion C = $9 trillion I = $3 trillion TR = $2 trillion T = $3 trillion Using the information above, what is the value of private saving and public saving? A. Private saving equals $3 trillion and public saving equals $9 trillion. B.Private saving equals $1 trillion and public saving equals $2 trillion. C.Private saving equals $2...
Again, please consider the closed economy of Economia, which has the following information: $6500 consumption $7500...
Again, please consider the closed economy of Economia, which has the following information: $6500 consumption $7500 government spending (NOT including transfer payments) $10,000 overall taxes $2000 transfer payments $18,000 total income (output) Based on your answer to the last question, the government brings in ______ in net tax revenues than it spends and runs a budget _________. Group of answer choices more; deficit more; surplus less; deficit less; surplus
Question 1 Consider the following nominal expenditure components for a fictional economy in a given year...
Question 1 Consider the following nominal expenditure components for a fictional economy in a given year in $ trillion, Not yet answered Points out of 1.00 P Flag question Consumption, C $14 Gross private domestic investment, I $4 Government purchases, G $4 Exports, X $3 The value of imports of this economy in this year is $10 trillion. What is the GDP of the economy? Write your answer as a whole number only with no other notation. Answer: Question 2...
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
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 $12 trillion C $8 trillion G $2 trillion Spublic $-0.50 trillion T $2 trillion Now suppose that government purchases increase from $2 trillion to $2.60 trillion but the values of Y and C are unchanged. What must happen to the values of S and 1? O A. S drops by $0.60 trillion and I increases by $0.60 trillion O B. S and I drop by $0.60 trillion O C. S and...
Question 2 (1 point) In an open economy suppose that GDP is $12 trillion. Consumption is $8 trillion and government spending is $2 trillion, Taxes are $0.5 trillion. Exports are $1 trillion and imports are $3 trillion. What is private saving? $4 trillion $3.5 trillion $2.5 trillion $1.5 trillion Question 1 (1 point) Interest rate (%) Supply of loanable funds Demand for loanable funds 0 10 20 30 40 50 60 70 80 90 100 Quantity of loanable funds (billions...
1. Given the following information about the closed economy of Brittania, what is the level of investment spending and private savings, and what is the budget balance? Assume there are no government transfers. GDP = $1340.00 million C $790.00 million T = $270.00 million G = $250.00 million million million Private Savings s million Budget balance S million National Savings S
Question 1 Consider the following nominal expenditure components for a fictional economy in a given year in $ trillion, Not yet answered Points out of 1.00 P Flag question Consumption, C $14 Gross private domestic investment, I $4 Government purchases, G $4 Exports, X $3 The value of imports of this economy in this year is $10 trillion. What is the GDP of the economy? Write your answer as a whole number only with no other notation. Answer: Question 2...
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