ume thhe GDP - $100.000; taxes $22.000; government purchases - $25.000; national saving $15,000. Refer to the above Scenario. For this economy, consumption amounts to 1) $68.000. O 2) $38,000. 3) $53.000. 4) $60.000.
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Consumption expenditure amounts to the sum total of spendings made by an individual for consumption purposes.
Public savings refers to the savings of the government, which is the excess of earnings over the spendings of the government.
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- In a closed economy, the values for GDP, consumption spending, investment spending, transfer payments, and taxes are as follows: Y = C = |= $15 trillion $10 trillion $4 trillion TR= $1 trillion T= $4 trillion Using the information above, what is the value of private saving and public saving? O A. Private saving equals $10 trillion and public saving equals $4 trillion. O B. Private saving equals $4 trillion and public saving equals $10 trillion. O C. Private saving equals $2 trillion and public saving equals $2 trillion.Economics Suppose GDP last year in a closed economy was $3,000, taxes were $200, government spending was $500, and consumption was $1,40o. What was private saving? none of the listed answers are correct -$300 O $1,400 $1,100The following national accounting data are available for an economy for 2020. $ Billion GDP 950 Household Consumption Government Consumption 650 150 Government Investment Direct and Indirect Taxes 170 Subsidies by government 20 Government Transfer Payments 30 Government Interest Payments 10 Retained Earnings Net Exports What is the level of national saving in this economy? Select one: а. 250 O b. 210 O c. 190 d. 200 e. 150
- Suppose that in a closed economy GDP is equal to 15,000, government purchases are equal to 3,000, consumption equals 10,500, and taxes equal 3,500. What are private saving and public saving? 1,500 and -500, respectively 1,500 and 500, respectively 1,000 and -500, respectively 1,000 and 50O, respectively4. Assume that the economy is described by the following equations: Y=C+l+G, Y=8490, G-2719, T-2056, C-258+ 1/2(Y-T), I-400 + 40r. Private saving and the equilibrium interest rate are O Private saving: 2959; The interest rate: 47.4 O Private saving: 2296; The interest rate: 23.7 O Private saving: 2296; The interest rate: 47.4 O Private saving: 2959; The interest rate: 23.7Suppose 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.
- 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 economy is closed and consumption of $10,000, taxes are $2000 and government purchases are $3,000 and national saving is $1,500. (Given GDP=$14500, Public saving= -$1000, Private saving=$2500, Investment=$1500). So In the era of covid-19 pandemic, the producers were pessimistic about the returns of capital and reduced their investments. Use a well-labelled diagram of loanable funds market to illustrate and explain the impacts on the equilibrium interest rate and quantity of loanable funds.D. Both A) and B) are correct. QUESTION 26 Use the following information to answer this question Assume the following information for an imaginary, closed economy. GDP = $110,000; Consumption = $70,000; Private saving = $8,000; National saving = $12,000. Transfer payment = 0. Which of the following is not correct? O A. Taxes amount to $16,000, and investment amounts to $11,000. OB. Government purchases amount to $28,000, and investment amounts to $12,000. OC. Investment amounts to $12,000, and taxes are greater than government spending. O D. This economy's government is running a budget surplus of $4,000. OLLECTION 37 Click Save and Submit to save and submit. Click Save All Answers to save all answers.
- Use the following graph for a private closed economy (an economy with only a private sector and no international trade) to answer the next question. Consumption and Investment $500 450 400 350 - 300 - 250 -- 200 150 100 50 O O $50 billion. At the equilibrium level of real GDP, saving will be O $100 billion. 45 O $150 billion. C+Ig $50 100 150 200 250 300 350 400 450 500 550 Real Domestic Output ($B) O undeterminable from the information given. с#43 .Suppose that in a closed economy GDP is equal to $33,000, consumption equal to $18,000, government purchases equal $6,500, and taxes equal $6,750. What are private saving, public saving, and national saving? a $15,000, $26,250, and $13,250, respectively b $8,250, $250, and $8,500, respectively c $250, $8,250, and $8,500, respectively d $26,250, $15,000, and $13,250, respectivelyBased 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) $100 100 100 100
