Homework Answers
G- T = Government spending - Taxes = -$500 billion because the government was running on a surplus
Net imports/trade deficit= Domestic Investment + (G-T) - Savings
= $1125 billion - $500 billion - $245 billion
= $380 billion
Therefore $380 billion is the answer and the trade deficit
Add Answer to:
HON 54 Suppose an economy has a private domestic savings of $245 billion, a government surplus...
FEEDBACK Content attribution QUESTION 16.1 POINT Suppose an economy has a private domestic savings of $245...
FEEDBACK Content attribution QUESTION 16.1 POINT Suppose an economy has a private domestic savings of $245 billion, a government surplus of $500 billion, and private domestic investment of $1,125 billion. How much is the trade deficit (in billions of dollars)? Recall the savings investment formula: S+(M -X) = 1 + (G-T) Provide your answer below: billion FEEDBAC Content attribution QUESTION 17 - 1 POINT A country's level of trade tells how much of its production it QUESTION 18 • 2...
Suppose an economy has a private domestic savings of $444 billion, a government deficit of $210...
Suppose an economy has a private domestic savings of $444 billion, a government deficit of $210 billion, and private domestic investment of $400 billion. How much is the trade deficit (in billions of dollars)? Recall the savings investment formula: S + (M – X) = I + (G - T)
Country private domestic savings of $650 billion, a government deficit of $200 billion, and private domestic...
Country private domestic savings of $650 billion, a government deficit of $200 billion, and private domestic investment of $500 billion. What is the trade surplus / deficit?
Assume the GDP is $6,000, private domestic savings are $1,100, and the government budget deficit is...
Assume the GDP is $6,000, private domestic savings are $1,100, and the government budget deficit is $200. Consumption is $3,800, and the trade deficit is $100. Find: (a) Investments (I), (b) Government spending (G)
4) Calculate the values for government purchases (G), private domestic saving (S), and private domestic investment...
4) Calculate the values for government purchases (G), private domestic saving (S), and private domestic investment (1) from the following information (all variables are in billions of dollars). National income Disposable income Consumption Budget Deficit Net Exports Y = 5,200 YD = 4,400 C = 4,100 BD = 150 NX = 110
Suppose that investment expenditures increases by $300 billion in a closed and private economy (no government...
Suppose that investment expenditures increases by $300 billion in a closed and private economy (no government or foreign trade). Assume further that households have a marginal propensity to consume of 75 percent. What will be the final cumulative impact on spending? $900 billion $225 billion $375 billion $525 billion
1. If an economy has a budget surplus of 400, private savings of 1,200, and investment...
1. If an economy has a budget surplus of 400, private savings of 1,200, and investment of 1,600, what will the balance of trade in this economy equal? 2. If there is shortage of loanable funds, then what happens to the supply and demand for loanable funds? 3.Changing the level of government spending is an example of what kind of policy? 4.If inflation is expected, then the short-run aggregate supply curve is shaped how?
An open economy is described by the following system of macroeconomic equations, in which all macroeconomic...
An open economy is described by the following system of macroeconomic equations, in which all macroeconomic aggregate are measured in billions of Namibian dollars, N$: Y = C + I + G + X – M C = 10 + 0.8 Yd T = 10+ 0.2Y X = 80 I = 35 G = 15 TR = 10 – 0.05Y M = 22 + 0.1Y Where: Y is domestic income Yd is private disposable income C is...
Question 13 (5 points) Suppose a closed economy has an aggregate consumption function given by C-200...
Question 13 (5 points) Suppose a closed economy has an aggregate consumption function given by C-200 +0.8Y, and generates $2.400 output and income in equilibrium. Suppose also that the government spends $350 and imposes a lump-sum tax of $300. How much will the private sector be saving total in equilibrium (S.)? Is the government running a deficit or surplus? By how much? (Circle 'surplus' or 'deficit' and enter the size (in dollars)) Is the private sector in deficit or surplus?...
3. You are given the following information about the economy: autonomous consumption = $300 billion ...
3. You are given the following information about the economy: autonomous consumption = $300 billion planned investment = $300 billion government spending = $500 billion mpc = .8 imports = $200 billion exports = $500 billion a. Using the values above, what is the equation for the consumption function? b. Using the values above, what is the income/spending multiplier? c. What is the value of Net Exports? d. Is there a trade surplus or deficit? Of how much?...
FEEDBACK Content attribution QUESTION 16.1 POINT Suppose an economy has a private domestic savings of $245 billion, a government surplus of $500 billion, and private domestic investment of $1,125 billion. How much is the trade deficit (in billions of dollars)? Recall the savings investment formula: S+(M -X) = 1 + (G-T) Provide your answer below: billion FEEDBAC Content attribution QUESTION 17 - 1 POINT A country's level of trade tells how much of its production it QUESTION 18 • 2...
4) Calculate the values for government purchases (G), private domestic saving (S), and private domestic investment (1) from the following information (all variables are in billions of dollars). National income Disposable income Consumption Budget Deficit Net Exports Y = 5,200 YD = 4,400 C = 4,100 BD = 150 NX = 110
Question 13 (5 points) Suppose a closed economy has an aggregate consumption function given by C-200 +0.8Y, and generates $2.400 output and income in equilibrium. Suppose also that the government spends $350 and imposes a lump-sum tax of $300. How much will the private sector be saving total in equilibrium (S.)? Is the government running a deficit or surplus? By how much? (Circle 'surplus' or 'deficit' and enter the size (in dollars)) Is the private sector in deficit or surplus?...
Most questions answered within 3 hours.
-
Industry: Telecommunications in India
Here, you need to discuss the sources of the growth pattern
and...
asked 1 minute ago -
Hydrobromic acid
dissolves solid iron according to the followiaung reaction:
Fe(s)+2HBr(aq)→
FeBr2(aq)+ H2(g)
Part A. What...
asked 1 hour ago -
Verify the following vector identity in SPHERICAL
COORDINATES.
div(curl(A)) = 0
asked 3 hours ago -
The work function (Φ) for a metal is 7.50×10-19 J.
What is the longest wavelength (nm)...
asked 4 hours ago -
1. Would the following procedural changes cause the
calculated mass percent Ni2+ ion in Ni(NH3)nCl2 to...
asked 5 hours ago -
1. Why does the voltage of the capacitor vary with frequency?
where does this missing voltage...
asked 6 hours ago -
p p please write each step out clearly
3. A manager of a company is considering...
asked 5 hours ago -
On October 1, Ebony Ernst organized Ernst Consulting; on October
3, the owner contributed $83,540 in...
asked 7 hours ago -
A.)As an electron moves through a region of space, its speed
decreases from 9.60 × 106...
asked 7 hours ago -
In java with the netbeans program do:
Through object programming
Create a class "ContadorP", which is...
asked 7 hours ago -
Pattern Corporation acquired all of Science
Company's outstanding stock on January 1, 2016 for $600,000 cash....
asked 7 hours ago -
Here are all accounts Tyler Co. maintains.
Tax expenses $4,750
Common stocks $48,840
SG&A expenses $2,500...
asked 7 hours ago