Suppose GDP last year in a closed economy was $3,000, taxes were $200, government spending was $500, and consumption was $1,400. What was private saving? none of the listed answers are correct O-$300 O $1,400 O $1,100
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- Suppose GDP = $9.0 trillion C= $5.0 trillion G= $2.0 trillion T-G = $300 billion With the above data ..kindly help me to find the following. a) Public saving b) Net taxes c) Private savingWhat is general government final consumption reflecting in terms of GDP of a country? What it indicates when the value is high or low?GDP is $5 billion this year in a closed economy. Consumption is $3 billion, and government spending is $0.5 billion and taxes are $0.5 billion. How much is private saving? Select one: Oo $4.5 billion Ob 50 billions OC -50.5 billion Od $1.5 billion.
- 4. Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 tríllion. Assuming this econ- omy is closed, calculate consumption, government purchases, na- tional saving, and investment.What is national saving? What is privet saving ?what is public saving? How are these three variables related?Real Disp. Consmp. Income Spending Saving Invst Plnd Plnd Govt Net Plnd Exp. Export Exp. 10.8 GDP Tax 10 6.8 1.2 1.5 2 0.5 11 7.6 1.4 1.5 0.5 11.6 12 10 8.4 1.6 1.5 2 0.5 12.4 13 2 11 9.2 1.8 1.5 2 0.5 13.2 14 12 10.0 2.0 1.5 0.5 14.0 15 13 10.8 2.2 1.5 0.5 148 16 14 11.6 2.4 1.5 2 0.5 15.6 Note: Amounts in billions. Refer to the above table. The equilibrium real GDP is $15 billion. $14 billion. $13 billion. $12 billion.
- Based on the information presented below, what is the equation representing the saving for this economy? GDP (Y) $0 100 200 300 Cunsumption (C) $60 120 180 240 Oa. S = -60 + 0.6Y O b. S = 60+ 0.4Y O c. S = -40 +0.75Y O d. S= -60+ 0.4Y Saving (S) S-60 -20 20 60 Investment (1) $100 100 100 1001. Suppose that in a closed economy GDP is $50,000, consumption is $35,000, taxes are 10,000 and government spending is $5,000. In this case, private saving is _____. a $5,000 b $10,000 c $15,000 d none of the above 2. Suppose that in a closed economy GDP is $50,000, consumption is $35,000, taxes are 10,000 and government spending is $5,000. In this case, investment is _____. a ($5,000) b $5,000 c $15,000 d None of the aboveSuppose GDP-11 billion, taxes-3 billion, private saving3D0.9 billion, and public saving-0.6 billion: O Consumption spending-7.1, Government spending-2.4. O Consumption spending-7.1, Government spending-3. Consumption spending-8, Government spending 3.6. Consumption spending-8, Government spending-3.
- Suppose GDP in this country is $1,540 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) 490 Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private SavingPrivate Saving = = (t-g, y-t-i, c-t,y-c-t) = = million Public SavingPublic Saving = = (t-g, y-t-i, c-t, y-c-t) = = million Based on your calculations, the government is running a budget (surplus, deficit) .point(s) possible The table has data from the nation of Atlantica. Disposable income (trillions of 2012 dollars) Consumption expenditure (trillions of 2012 dollars) 0.0 1.5 2.0 3.0 4.0 4.5 6.0 6.0 8.0 7.5 Based on these data, when disposable income equals $8.0 trillion, there is O A. saving of $0.5 trillion. B. dissaving of $15.5 trillion. O C. dissaving of $7.5 trillion. O D. saving of $15.5 trillion. O E. dissaving of $0.5 trillion.ANSWER ALL THE QUESTIONS..... PLEASE IT'S URGENT... In a given year, a country's GDP = $9,841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $7,863, and government purchases = $140. The country had private saving equal to A) $285. B) $3,850. C) $2,397. D) $2,112. Let’s continue with the information given in the previous question. The country had government saving equal to A) $285. B) $330. C) $453. D) $542. 3. Suppose that national saving is $1,456 billion, investment is $1,945 billion, and private saving is $1,590 billion. How much is the current account balance? A) $489 billion B) $221 billion C) -$221 billion D) -$489 billion
