Homework Answers
(a) National saving ($Million) = (Y - C - T) + (T - G) = Y - C - G = I = 1,175 - 625 - 250 = 300
(b) Private saving ($Million) = Y - C - T = 1,175 - 625 - 225 = 325
(c) Public saving ($Million) = T - G = 225 - 250 = - 25
(d) Since T < G, Government is running a budget deficit.
Add Answer to:
Saving, Investment, and the Financial System (Mobile-Enabled) Suppose GDP in this country is $1,175 milion. Enter...
Saving and investment in the national income accounts The following table contains data for a hypothetical...
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 $1,365 million. Enter the amount for consumption. National Income Account Value (Millions of dollars) Government Purchases (G) 350 Taxes minus Transfer Payments (T) 280 Consumption (C) ? Investment (I) 315
7. Saving and investment in the national Income accounts The following table contains data for a...
7. 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 $1,250 millin. Enter the amount for government purchases Value National Income Account(Millions of dollars) Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (T) 300 625 375 Complete the following table by using national income accounting identities to calculate national saving. In your caiculations, use data...
2. Saving and investment in the national income accounts The following table contains data for a...
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 $1,230 million. Enter the amount for government purchases. National Income Account Value (Millions of dollars) Government Purchases (GG) Taxes minus Transfer Payments (TT) 210 Consumption (CC) 600 Investment (II) 330 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use...
2. Saving and investment in the national income accounts The following table contains data for a...
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 $1,330 million. Enter the amount for government purchases. National Income Account Value (Millions of dollars) Government Purchases (GG) Taxes minus Transfer Payments (TT) 455 Consumption (CC) 700 Investment (II) 280 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use...
Suppose that every additional three percentage points in the investment rate (1 + GDP) boost economic...
Suppose that every additional three percentage points in the investment rate (1 + GDP) boost economic growth by one percentage point. Assume also that all investment must be financed with consumer saving. The economy is now assumed to be fully employed at GDP Consumption Saving Investment $16 trillion 10 trillion 3 trillion 3 trillion If the goal is to raise the economic growth rate by 1 percent, Instructions: Enter your responses as a whole number. a. By how much must...
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.
4 Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and...
4 Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.
Full Question: Options for the drop downs: Attempts: Average: 15 2. Saving and investment in the...
Full Question:
Options for the drop downs:
Attempts: Average: 15 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 $780 million. Enter the amount for government purchases. Value (Millions of dollars) National Income Account 260 Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (1) 300 280 Complete the following table by using national income...
2. Suppose GDP is S600 billion taxes are S100 billion private saving is S50 billion, public...
2. Suppose GDP is S600 billion taxes are S100 billion private saving is S50 billion, public saving is $20 billion, assuming that this economy is closed. Calculate consumption government purchase, national saving and investment?
Suppose that in the country of Economia: Net Investment = $15 billion, Gross Investment = $85b,...
Suppose that in the country of Economia: Net Investment = $15 billion, Gross Investment = $85b, Exports = $35b, Indirect Taxes = $25b, Government Expenditure = $60b, Imports = $55b, Consumption = $170b. What does GDP equal in Economia? Select one: a. $305 billion b. $295 billion c. $315 billion d. $325 billion e. $275 billion
7. 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 $1,250 millin. Enter the amount for government purchases Value National Income Account(Millions of dollars) Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (T) 300 625 375 Complete the following table by using national income accounting identities to calculate national saving. In your caiculations, use data...
Suppose that every additional three percentage points in the investment rate (1 + GDP) boost economic growth by one percentage point. Assume also that all investment must be financed with consumer saving. The economy is now assumed to be fully employed at GDP Consumption Saving Investment $16 trillion 10 trillion 3 trillion 3 trillion If the goal is to raise the economic growth rate by 1 percent, Instructions: Enter your responses as a whole number. a. By how much must...
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.
4 Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.
Full Question:
Options for the drop downs:
Attempts: Average: 15 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 $780 million. Enter the amount for government purchases. Value (Millions of dollars) National Income Account 260 Government Purchases (G) Taxes minus Transfer Payments (T) Consumption (C) Investment (1) 300 280 Complete the following table by using national income...
2. Suppose GDP is S600 billion taxes are S100 billion private saving is S50 billion, public saving is $20 billion, assuming that this economy is closed. Calculate consumption government purchase, national saving and investment?
Suppose that in the country of Economia: Net Investment = $15 billion, Gross Investment = $85b, Exports = $35b, Indirect Taxes = $25b, Government Expenditure = $60b, Imports = $55b, Consumption = $170b. What does GDP equal in Economia? Select one: a. $305 billion b. $295 billion c. $315 billion d. $325 billion e. $275 billion
Most questions answered within 3 hours.
-
A 1400Kg sports car accelerates from rest to 90km/h in 7.0s.
What is the average power...
asked 30 minutes ago -
For the following reaction, 0.128 moles of
potassium hydrogen sulfateare mixed with
0.504 moles of potassium...
asked 4 hours ago -
1. What is the present value of $400, three years in the future
if the interest...
asked 4 hours ago -
The labor force minus the number of employed equals the number
of unemployed.
a. True
b....
asked 6 hours ago -
Determine the mass in units of grams​ [g] of 0.49 moles​ [mol]
of a new fictitious...
asked 7 hours ago -
A horizontal mass of M=5kg is on a spring and stretched to
x=0.5m when released from...
asked 8 hours ago -
26 of 50
"I have worked at the Arizona Humane Society for ten years, and
have...
asked 8 hours ago -
Compare and contrast zero based budgeting and incremental (or
base year) budgeting.
asked 8 hours ago -
4 pts 10. Which of the following hypothesis would be MOST
difficult to test experimentally? Group...
asked 8 hours ago -
A business owner makes 1,000 items a day. Each day he or she
contributes eight hours...
asked 8 hours ago -
A
circular loop in the plane of a paper lies inca0.65 T magnetic
field pointing into...
asked 9 hours ago -
A business owner is trying to decide whether to buy, rent, or
lease office space and...
asked 9 hours ago