Suppose that in China, investment is ¥190 billion, saving is ¥170 billion, government expenditure on goods and services is ¥195 billion, exports are ¥230 billion, and imports are ¥270 billion (¥ is yuan, the currency of China). The government received¥__________billion in tax revenues. The government has a budget__________equal to ¥_____________billion which is exerting a(n)______________influance on investment by__________________ the demand for loanable funds, which___________the real interest rate and ____________investment.
Suppose that in China, investment is ¥190 billion, saving is ¥170 billion, government expenditure on goods and services is ¥195 billion, exports are ¥230 billion, and imports are ¥270 billion (¥ is yuan, the currency of China). The government received¥__________billion in tax revenues. The government has a budget__________equal to ¥_____________billion which is exerting a(n)______________influance on investment by__________________ the demand for loanable funds, which___________the real interest rate and ____________investment.
Chapter19: The Keynesian Model In Action
Section: Chapter Questions
Problem 3SQ
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Use the information below to answer the following questions.
Suppose that in China, investment is ¥190 billion, saving is ¥170 billion, government expenditure on goods and services is ¥195 billion,
exports are ¥230 billion, and imports are ¥270 billion (¥ is yuan, the currency of China).
The government received¥__________billion in tax revenues.
The government has a budget__________equal to ¥_____________billion which is exerting a(n)______________influance on investment by__________________
the demand for loanable funds, which___________the real interest rate and ____________investment.
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