In a closed economy, if Y is 15,000, T is 1,500, G is 4,000 ,and C...
In a closed economy, if Y is 15,000, T is 1,500, G is 4,000 ,and C is 9,000 ,then
a: the government has a budget surplus of 2,500.
b: investment is 2,500
c: the government has a budget deficit of 2,500
d: national saving is 2,500
Homework Answers
In a closed economy a surplus is there when government expenditure is less than the tax revenue
opposite to it occurs when there is budget deficit
in budget deficit government spending is greater than the tax revenue
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In a closed economy, if Y is 15,000, T is 1,500, G is 4,000 ,and
C...
The options are : National savings = (Y - C - G) or (Y-C) or (G-T)...
The options are : National savings = (Y - C - G)
or (Y-C) or (G-T)
or (Y-T-G)
for the second blank under National Savings the options are (Y)
or (I) or (C) or
(G)
The options are : Private savings = (Y - C - T)
or (Y - T - I) or (T - G)
or (C -T)
The options are : Public Savungs = (Y - C - T)
or (Y - T - I) or (T...
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
The drop downs for the formulas are Y C G and T and the last drop...
The drop downs for the formulas are Y C G and T and the last
drop down is SURPLUS/DEFICIT
The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,320 million. Enter the amount for consumption. National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) Value (Millions of dollars) 300 210 270 Complete the following table by using national income accounting...
Question 3 Consider a closed economy described by the following equations: Y=C+I+G Y-5,000 G 1,000 T=...
Question 3 Consider a closed economy described by the following equations: Y=C+I+G Y-5,000 G 1,000 T= 1,000 C 250+0.75 (Y -T) 1,000-50 a. (3 points) In this economy, compute private saving, public saving, and national saving. b. (2 points) Find the equilibrium interest rate. c. (2 points) Draw a graph containing the saving and investment curves for this economy Show the financial market equilibrium. d. (2 points) Now suppose the G rises to 1,250. Compute private saving, public saving, and...
Question 3 Consider a closed economy described by the following equations: Y-C+1+G Y -5,000 G- 1,000...
Question 3 Consider a closed economy described by the following equations: Y-C+1+G Y -5,000 G- 1,000 T= 1,000 C 2500.75 (Y T) I 1,000-50*r (3 points) In this economy, compute private saving, public saving, and national saving. (2 points) Find the equilibrium interest rate. (2 points) Draw a graph containing the saving and investment curves for this economy. a. b. c. Show the financial market equilibrium d. (2 points) Now suppose the G rises to 1,250. Compute private saving, public...
Suppose that in a closed economy GDP is equal to 20,000, consumption equal to 15,000, government...
Suppose that in a closed economy GDP is equal to 20,000, consumption equal to 15,000, government purchases equal 4,000 and taxes equal 3,000. What are private saving, public saving, and national saving? a. -2,000, 1,000, and 2,000, respectively. b. 1,000, 2,000, and 3,000, respectively. c. 2,000, -1,000, and 1,000, respectively. d. 2,000, 1,000, and 2,000, respectively.
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T...
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T = (1/5)Y 1 = 200 G = 400 X = 300 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium level of national income....
Which of the following assumptions implies that saving and investment are equal for a closed economy?...
Which of the following assumptions implies that saving and investment are equal for a closed economy? a. Private saving is equal to zero. b. Public saving is equal to zero. c. The economy’s government is running neither a surplus nor a deficit. d. No assumption is necessary; saving and investment are equal for all closed economies.
Consider an economy described as follows: Y = C + I + G Y = 8,000...
Consider an economy described as follows: Y = C + I + G Y = 8,000 G = 2,500 T = 2,000 C = 1,000 + 2/3(Y - T) I = 1,200 – 100r a. In this economy, compute private saving, public saving, and national saving. b. Find the equilibrium interest rate. c. Now suppose that G is reduced by 500. Compute private saving, public saving, and national saving. d. Find the new equilibrium interest rate.
Question 4 4. Consider the following information for a closed economy. Y = $12 trillion, C...
Question 4
4. Consider the following information for a closed economy. Y = $12 trillion, C = $8 trillion, G = $2 trillion, Spublic $-0.5 trillion and T = $2 trillion. 1. What is private savings for this economy? 2. What is investment spending for this economy? 3. What are the transfer payments for this economy? 4. Is there a government budget defcit or surplus for this economy?
The options are : National savings = (Y - C - G)
or (Y-C) or (G-T)
or (Y-T-G)
for the second blank under National Savings the options are (Y)
or (I) or (C) or
(G)
The options are : Private savings = (Y - C - T)
or (Y - T - I) or (T - G)
or (C -T)
The options are : Public Savungs = (Y - C - T)
or (Y - T - I) or (T...
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
The drop downs for the formulas are Y C G and T and the last
drop down is SURPLUS/DEFICIT
The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,320 million. Enter the amount for consumption. National Income Account Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (I) Value (Millions of dollars) 300 210 270 Complete the following table by using national income accounting...
Question 3 Consider a closed economy described by the following equations: Y=C+I+G Y-5,000 G 1,000 T= 1,000 C 250+0.75 (Y -T) 1,000-50 a. (3 points) In this economy, compute private saving, public saving, and national saving. b. (2 points) Find the equilibrium interest rate. c. (2 points) Draw a graph containing the saving and investment curves for this economy Show the financial market equilibrium. d. (2 points) Now suppose the G rises to 1,250. Compute private saving, public saving, and...
Question 3 Consider a closed economy described by the following equations: Y-C+1+G Y -5,000 G- 1,000 T= 1,000 C 2500.75 (Y T) I 1,000-50*r (3 points) In this economy, compute private saving, public saving, and national saving. (2 points) Find the equilibrium interest rate. (2 points) Draw a graph containing the saving and investment curves for this economy. a. b. c. Show the financial market equilibrium d. (2 points) Now suppose the G rises to 1,250. Compute private saving, public...
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T = (1/5)Y 1 = 200 G = 400 X = 300 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium level of national income....
Question 4
4. Consider the following information for a closed economy. Y = $12 trillion, C = $8 trillion, G = $2 trillion, Spublic $-0.5 trillion and T = $2 trillion. 1. What is private savings for this economy? 2. What is investment spending for this economy? 3. What are the transfer payments for this economy? 4. Is there a government budget defcit or surplus for this economy?
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