Consider the following information about a closed economy: GDP is $2,050 million, taxes are $250 million,...
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.
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
Given the following data for an economy that does not trade: GDP = $2500 million Consumption spending=$500 million Taxes = $300 million Government spending on goods and services = $230 million. We know that private savings is equal to $ A million. Do not include any commas or spaces in your answer.
4 poin QUESTION 15 Supposed a closed economy (NX-0) and that GDP is $8,046, taxes are $4,471, transfers are $609, consumption is $3,393, and public savings are $1,546. What is government spending?
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.
1.Given the following information about a closed economy, what is the level of investment spending and national saving, and what is the budget balance? There are no government transfers. GDP: $1,000 million T=$50 million C=$850 million G=$100 million 2.Given the following information about an open economy, what is the level of investment spending and National savings, and what are the budget balance and net capital inflow? There are no government transfers. GDP: $1,000 million G=$100 million C=$850 million X=$100 million...
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.
Suppose an economy is characterized by the following equations C-260+0.6 Yd Yd-Y-T I-250 G-250 T = 200 Is this econ Determine the following: omy closed or open? Explain 1) The equilibrium level of GDP (Y) 2) The total disposable income (%) of the household 3) Total consumption expenditure 4) Private savings of household, government savings and the national savings of the economy 5) Is private savings the same as aggregate investment? Explain
An economy has the following data: real GDP $5,120 billion taxes collected by the government $496 billion government spending $685 billion consumption spending $3,763 billion. If this is a closed economy, what is the value of investment spending? Enter a whole number with no dollar sign and please do not include the word billion.
An economy has the following data: real GDP $5,177 billion taxes collected by the government $481 billion government spending $077 billion consumption spending $3,754 billion. If this is a closed economy, what is the value of investment spending? Enter a whole number with no dollar sign and please do not include the word billion.