Expert economists in the economy of Bongo estimate the following:
Billion Bongos |
|
Real output/income |
1 comma 2001,200 |
Government purchases |
200200 |
Total net taxes |
200200 |
Investment spending (planned) |
100100 |
Assume that Bongoliers consume
8080
percent of their disposable incomes and save
2020
percent.
You are asked by the business editor of the Bongo Tribune to predict the events of the next few months.
By using the data given and assuming that investment is constant, if the government of Bongo makes no changes, you predict that income will
▼
fall, since aggregate expenditure is less than output/income
rise, since aggregate expenditure is less than output/income
not change
.If no changes are made, the economy of Bongo will settle at a level of GDP of
nothing
billion Bongos.
(Enter
your response as an
integer.)
Some local conservatives blame Bongo's problems on the size of the government sector. They suggest cutting government purchases by
2525
billion Bongos. You are asked to evaluate the impact of such a reduction of government purchases on Bongo's income or national output.You estimate there will be a change in income =
nothing
billion Bongos.
(Enter
your response as an integer and include a minus sign if
necessary.)
Enter your answer in each of the answer boxes.
Expert economists in the economy of Bongo estimate the following: Billion Bongos Real output/income 1 comma...
Expert economists in the economy of Bongo estimate the following: Billion Bongos Real output/income Government purchases Total net taxes Investment spending planned) 100 Assume that Bongolers consume 80 percent of their disposable incomes and save 20 percent You are asked by the business editor of the Bongo Tribune to predict the events of the next forw months By using the data given and assuming that investment is constant, if the government of Bongo makes no changes, you predict that income...
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