By definition, when the economy is in equilibrium it must be true that leakages equal injections...
By definition, when the economy is in equilibrium it must be true that leakages equal injections saving equals investment exports equal imports government spending equals taxes
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By definition, when the economy is in equilibrium it must be
true that leakages equal injections...
First blank: Imports, exports, saving, or taxes? Select all that apply Second Blank: Always, when savings...
First blank: Imports, exports, saving, or
taxes?
Select all that apply
Second Blank: Always, when savings equals planned
investment, when real GDP is equal to aggregate expenditure, or
when exports are equal to imports?
2. Leakages and injections Aa Aa E increases total injections into the Suppose the economy is initially in equilibrium, when an increase in economy. Which of the following will occur as a result of this change? I GDP rises above planned spending. O Firms experience an...
sing and government purchases are leakages. 8. In a mixed closed economy: A taxes and government...
sing and government purchases are leakages. 8. In a mixed closed economy: A taxes and government purchases are leakages, while investment and saving are injections. • taxes and investment are injections, while saving and government purchases are leakages. taxes and savings are leakages, while investment and government purchases are injections. 1. government purchases and saving are injections, while investment and taxes are leakages. 9. In a mixed open economy, the equilibrium GDP is determined at that point where: A.S. +M+...
(1) Calculate the government spending multiplier if, an increase in government spending by $5 million increases...
(1) Calculate the government spending multiplier if, an increase in government spending by $5 million increases real GDP by $20 million. Group of answer choices 0.20 0.25 2 5 4 (2) A major benefit of automatic stabilizers is that they: Group of answer choices guarantee a balanced budget over the course of the business cycle. have a tendency to reduce the national debt. moderate the effect of fluctuations in the business cycle. require legislative review by Congress before they can...
what is the answer? Name the three injections to the circular flow. Select one: O a....
what is the answer?
Name the three injections to the circular flow. Select one: O a. Investment, exports, and government spending O b. Expenses, income, and exports O c. Saving, imports, and taxes d. Consumption, investment, and imports Name the three injections to the circular flow. Select one: O a. Investment, exports, and government spending O b. Expenses, income, and exports O c. Saving, imports, and taxes d. Consumption, investment, and imports
3. National accounting identities Let I stand for investment spending, G for government purchases, X for...
3. National accounting identities Let I stand for investment spending, G for government purchases, X for exports, S for saving, NT for net taxes (taxes minus transfer payments), and IM for imports. Consider the following identity and answer the questions that follow. I+ G+X = S+ NT + IM Which of the following best characterizes the above identity? The total amount of leakages from the nation's flow of income and expenditures must equal national income The total amount of leakages...
1. In a closed economy to have sustainable output, Aggregate Expenditures are equal to
1. In a closed economy to have sustainable output, Aggregate Expenditures are equal toa. Consumptionb. Consumption + Investmentc. Consumption + Investment + Govemmentd. Consumption + Investment + Net Exports2. The calculation 1 /(1-MPC) equalsa. Marginal Propensity to Saveb. Multiplierc. Aggregate Expenditured. Average Consumption3. In a closed economy, when Aggregate Expenditures equal GDP.a. Consumption equals investmentb. Consumption equals aggregate expenditurec. Saving = Planned Investmentd. Disposable income equals consumption minus saving4. Net exports are calculated asa. Importsb. Imports - Exportsc. Exports -...
Answer for both please! Question 5 1 pts Using the circular flow, "crowding out" refers to...
Answer for both please!
Question 5 1 pts Using the circular flow, "crowding out" refers to When imports are greater than exports When government runs a surplus When government borrows money When government raises taxes Question 6 1 pts Using the circular flow, if government spending exceeds the amount of taxation (ie a deficit), which of the following is true Leakages exceed injections The government is trying to reduce growth The economy will shrink Injections exceed leakages
Asked the professor and he told me both of #3and #5 are correct. I can understand...
Asked the professor and he told me both of #3and #5 are
correct. I can understand #3 but may I know why #5is also
correct?
Question 4 0 1 point Which of the following conditions must be satisfied in a closed economy? 1) Private saving equals investment. 2) There is no government spending or taxes. 3) Exports equal imports. 4) Government spending equals taxes. 5) Total saving equals investment.
3. National accounting identities Let C stand for consumption spending, I for investment, G for government...
3. National accounting identities Let C stand for consumption spending, I for investment, G for government purchases, X for exports, IM for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+ (X-IM) = DI + NT Which of the following best characterizes the above identity? O National income must equal domestic product. National income must equal the total amount of leakages from the nation's flow of income and...
Question 4 (1 point) Which of the following conditions must be satisfied in a closed economy?...
Question 4 (1 point) Which of the following conditions must be satisfied in a closed economy? )Private saving equals investment. 2) There is no government spending or taxes 3) Exports equal imnports 4) Govemment spending equals taxes 5) Total saving equals investment Question 5 (1 point) Which of the following phrases would be used when defining GDP for a given period? 1) final goods and services purchased by domestic households 2) final and intermediate goods and services, plus raw materials...
First blank: Imports, exports, saving, or
taxes?
Select all that apply
Second Blank: Always, when savings equals planned
investment, when real GDP is equal to aggregate expenditure, or
when exports are equal to imports?
2. Leakages and injections Aa Aa E increases total injections into the Suppose the economy is initially in equilibrium, when an increase in economy. Which of the following will occur as a result of this change? I GDP rises above planned spending. O Firms experience an...
sing and government purchases are leakages. 8. In a mixed closed economy: A taxes and government purchases are leakages, while investment and saving are injections. • taxes and investment are injections, while saving and government purchases are leakages. taxes and savings are leakages, while investment and government purchases are injections. 1. government purchases and saving are injections, while investment and taxes are leakages. 9. In a mixed open economy, the equilibrium GDP is determined at that point where: A.S. +M+...
what is the answer?
Name the three injections to the circular flow. Select one: O a. Investment, exports, and government spending O b. Expenses, income, and exports O c. Saving, imports, and taxes d. Consumption, investment, and imports Name the three injections to the circular flow. Select one: O a. Investment, exports, and government spending O b. Expenses, income, and exports O c. Saving, imports, and taxes d. Consumption, investment, and imports
3. National accounting identities Let I stand for investment spending, G for government purchases, X for exports, S for saving, NT for net taxes (taxes minus transfer payments), and IM for imports. Consider the following identity and answer the questions that follow. I+ G+X = S+ NT + IM Which of the following best characterizes the above identity? The total amount of leakages from the nation's flow of income and expenditures must equal national income The total amount of leakages...
1. In a closed economy to have sustainable output, Aggregate Expenditures are equal toa. Consumptionb. Consumption + Investmentc. Consumption + Investment + Govemmentd. Consumption + Investment + Net Exports2. The calculation 1 /(1-MPC) equalsa. Marginal Propensity to Saveb. Multiplierc. Aggregate Expenditured. Average Consumption3. In a closed economy, when Aggregate Expenditures equal GDP.a. Consumption equals investmentb. Consumption equals aggregate expenditurec. Saving = Planned Investmentd. Disposable income equals consumption minus saving4. Net exports are calculated asa. Importsb. Imports - Exportsc. Exports -...
Answer for both please!
Question 5 1 pts Using the circular flow, "crowding out" refers to When imports are greater than exports When government runs a surplus When government borrows money When government raises taxes Question 6 1 pts Using the circular flow, if government spending exceeds the amount of taxation (ie a deficit), which of the following is true Leakages exceed injections The government is trying to reduce growth The economy will shrink Injections exceed leakages
Asked the professor and he told me both of #3and #5 are
correct. I can understand #3 but may I know why #5is also
correct?
Question 4 0 1 point Which of the following conditions must be satisfied in a closed economy? 1) Private saving equals investment. 2) There is no government spending or taxes. 3) Exports equal imports. 4) Government spending equals taxes. 5) Total saving equals investment.
3. National accounting identities Let C stand for consumption spending, I for investment, G for government purchases, X for exports, IM for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. C+I+G+ (X-IM) = DI + NT Which of the following best characterizes the above identity? O National income must equal domestic product. National income must equal the total amount of leakages from the nation's flow of income and...
Question 4 (1 point) Which of the following conditions must be satisfied in a closed economy? )Private saving equals investment. 2) There is no government spending or taxes 3) Exports equal imnports 4) Govemment spending equals taxes 5) Total saving equals investment Question 5 (1 point) Which of the following phrases would be used when defining GDP for a given period? 1) final goods and services purchased by domestic households 2) final and intermediate goods and services, plus raw materials...
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