GNP = $12,000 Consumption (C) = $7,500 Investment (I) = $1,400 Government Purchases (G) = $1,200 Tax Collections (T) = $1,400 %3D %3D at is the value of private savings plus public savings? $ ger. Include a minus sign if necessary.) (Enter your answer as an
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- Assume the economy is open to capital inflows and outflows and therefore net capital inflow equals imports (IM) minus exports (X). Answer each of the following questions. a) X = $60 millionIM = $95 millionPrivate savings = $325 millionI = $300 million Calculate the budget balance. b) Private savings = $325 millionI = $400 millionBudget balance = $10 million Calculate IM − X.Q. 1: Consider an economy described as follows:Y = C + I + GY= 8000G = 2500T = 2000C = 1000 + 2/3 (Y – T)I = 1200 – 100ra. Compute public savings, private savings and national savings for this economy.b. Find the equilibrium interest rate.c. Now, suppose that T increased by 500, compute public savings, private savings and national savings for this economy.d. What happens to new equilibrium interest rate.Using the following data, calculate public savings for a closed economy. Please round to 1 decimal place. Remember, negative numbers are OK for public savings. Y = 12.1 C = 6.5 I = 2.8 TR = 1.9 T = 2.1
- 10. Suppose that we're in Open Economy with this situations : • C= $85,890 • 1 = $125,000 • G= $56.700 • X= $65.000 • M = $55.000 • T = $60,000 Calculate GDP, National Saving, Private Saving, and Public Saving. Does it has budget deficit or budget surplus?Dear Sir/Madam while studying for my macroeconomics course, I came across this case study that I am struggling with right now. Thank you for your help. Assume the economy is open to capital inflows and outflows and therefore net capital inflow equals imports (IM) minus exports (X). Calculate each of the following. a) X = $125 million IM = $80 million Budget balance = - $200 million I = $350 million Calculate private savings. b) X = $85 million IM = $135 million Budget balance = $100 million Private savings = $250 million Calculate I. c) X = $60 million IM = $95 million Private savings = $325 million I = $300 million Calculate the budget balance. d) Private savings = $325 million I = $400 million Budget balance = $10 million Calculate IM – X.Use the following information for all of the questions in this Check Point: Y $14 trillion C= $8 trillion | = $3 trillion TR = $1 trillion T= $3 trillion Enter your answers as whole numbers only (no decimals, no $). For example, if the answer is $7 trillion, you would only enter 7 as your a Question 1 What would government purchases be equal to? $ trillion. Question 2 What would private saving be equal to? $ trillion. Question 3 What would public saving be equal to? $ trillion.
- determine the following The level of Private savings The level of Public savings The level of national savingsFor the first three questions, please consider a closed economy with the following information (and no transfer payments): Government purchases = $30,000Output (income) = $300,000Taxes = $20,000Total savings = $100,000Calculate this economy's public savings. Enter only numbers, a decimal point, and/or a negative sign as needed. Round your answer to two decimal places as necessary.Q2.In each of the following, calculate private, public and national savings and the national savings rate. Given that: Household savings = 200 Business savings = 400 Government purchases = 100 Government transfers = 100 Tax collections = 150 Gross Domestic Product = 2,200
- Assume the following information for an imaginary, closed economy. GDP = $120,000; consumption = $70,000; private saving = $9,00%3; national saving = $12,000. (Please write the calculation details) %3D %3D %3D (1) For this economy, what does investment amount to (2) For this economy, what do government purchases amount to? (3) For this economy, what do taxes amount to? (4) Is this economy's government budget surplus or budget defcit? How much it is?Suppose the government has a budget surplus of $50 billion more next year than this year. a) Use a supply-and-demand diagram to analyze this policy. Does the interest rate rise or fall? b) What happens to investment, private saving, public saving, and national saving? Hint: Use diagram or equation to illustrate. c) How does the elasticity of supply of loanable funds affect the size of these changes? Hint: Use a diagram to illustrate. d) How does the elasticity of demand for loanable funds affect the size of these changes? Hint: Use a diagram to illustrate. e) Suppose households believe that smaller government borrowing today implies ower taxes to pay off the government debt in the future. What does this belief do to private saving and the supply of loanable funds today? Does it increase or decrease the affects you discussed in parts (a) and (b)?Draw the loanable funds market for 30-year fixed rate mortgages with the equilibrium rate at 5.13% and the equilibrium total amount of mortgages at $12.0 trillion. a> For the sake of simplicity, assume that mortgages are issued and financed through “banks” (I know some of you work in the mortgage, real estate, or finance industry and know the minute details of the mortgage market, but let’s just keep it simple). If people are willing to save more money in “banks,” how will this market be affected? (i.e., which curve(s) will shift, and in which direction?) b> What will happen to the equilibrium quantity of loans after the event in part a? What will happen to the equilibrium interest rate for 30-year fixed rate mortgages after the event in part a?
