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[For Questions #47 to 51] The Republic of UWA is a closed-economy with NI-SO. It has...
2. Suppose GDP of a closed economy is $10 billion, consumption is $7 billion, private saving...
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.
A closed economy has income of $1,200 billion, government spending of $220 billion, taxes of $170...
A closed economy has income of $1,200 billion, government spending of $220 billion, taxes of $170 billion, and investment spending of $250 billion. Consumption spending is $ billion. Private saving is $ billion. Public saving is $ billion. National saving is $ billion. Enter whole numbers.
Suppose that consumption is $2,200, investment is $350, and government spending is $500. The economy is...
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.
In a closed economy, private saving is smaller than investment if government spending exceeds tax revenue....
In a closed economy, private saving is smaller than investment if government spending exceeds tax revenue. Select one: True False If there is a surplus of loanable funds, then neither curve shifts, but the quantity of loanable funds supplied increases and the quantity demanded decreases as the interest rate rises to equilibrium. Select one: True False An increase in the budget deficit would cause a shortage of loanable funds at the original interest rate, which would lead to falling interest...
The following table contains data for a hypothetical closed economy that uses the dollar as its currency.
2. Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $680 million. Enter the amount for consumption. Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from...
7. Consider a closed economy where the marginal propensity to consume is 0.85. Technological progress increases...
7. Consider a closed economy where the marginal propensity to consume is 0.85. Technological progress increases GDP by 20 billion pesos. Expansionary fiscal policy results in a $10 billion decrease in tax revenue and a $12 billion increase in the government budget deficit. (a) Calculate the (dollar) change in government spending. (b) Calculate the approximate (dollar) changes in private, public, and na- tional saving (c) Will the equilibrium real interest rate increase, decrease, or stay the same? Use a supply-demand...
7. If at some interest rate desired investment is $400 billion, desired private saving is $600...
7. If at some interest rate desired investment is $400 billion, desired private saving is $600 billion, and the budget deficit is $300 billion, is there a surplus or a shortage in the market for loanable funds? What does this imply would happen to interest rates? 8. In a closed economy, GDP is $1000, government purchases are $200, and consumption is $700. If the government has a budget surplus of $25, what are investment, taxes, private saving, public saving and...
Suppose that in a closed economy GDP is equal to $11,000, net taxes are equal to...
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.
2. The country, Hoosier (a closed economy), has the following data: GDP: Y = 1200, Consumption:...
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?...
For the Kingdom of Wakanda, which is a closed economy, total output is equal to $30...
For the Kingdom of Wakanda, which is a closed economy, total output is equal to $30 billion and consumption equals $15 billion. The Wakandan government spends $5 billion and has a budget surplus of $1 billion. 1. Find government saving, taxes, private saving and national saving. Please show clearly how you calculated your final answers, and box/circle your final answers (in billions of dollars) with proper labels (e.g. T = $x billion ). 2. Suppose now the Wakandan government cuts...
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.
A closed economy has income of $1,200 billion, government spending of $220 billion, taxes of $170 billion, and investment spending of $250 billion. Consumption spending is $ billion. Private saving is $ billion. Public saving is $ billion. National saving is $ billion. Enter whole numbers.
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.
7. Consider a closed economy where the marginal propensity to consume is 0.85. Technological progress increases GDP by 20 billion pesos. Expansionary fiscal policy results in a $10 billion decrease in tax revenue and a $12 billion increase in the government budget deficit. (a) Calculate the (dollar) change in government spending. (b) Calculate the approximate (dollar) changes in private, public, and na- tional saving (c) Will the equilibrium real interest rate increase, decrease, or stay the same? Use a supply-demand...
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?...
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