A number of economists contend that official measures of Canadian gross private investment expenditures are understated. For instance, household spending on education, such as college tuition expenditures, is counted as consumption. Some economists suggest that these expenditures, which amount to 6 percent of GDP, should be counted as investment instead. Based on this 6 percent estimate and the estimated 2020 Q2 GDP being $1,820,369 million, how many millions of dollars would shift from consumption to investment if this suggestion was adopted? $ million would shift from consumption to investment if this suggestion was adopted. (Enter your response rounded to the nearest whole number)

In an economy MPC equals to 0.85 if investment is increased by $20 how more would be the increase in income

We have the following data for a hypothetical closed economy: GNP = $14,000 Consumption (C) = $8,000 Government Purchases (G) = $1,200 Tax Collections (T) = $1,200 What is the value of private savings SP? $ What is the value of government savings S9? $ (Enter your answer as an integer. Include a minus sign if necessary.) (Enter your answer as an integer. Include a minus sign if necessary.) (Enter your answer as an integer. Include a minus sign if necessary.) In this closed economy, what must be the value of investment expenditure? $

The following questions refer to this table:

In the country of Arcadia, the minimum amount of consumption spending that will occur in a given year is $50- that is, no matter what level of income households have, the aggregate amount of consumption spending in the economy will be at least $50. In addition, for every extra dollar of national income, consumption spending will increase by $0.75. (Note: For the entirety of this problem, assume that Taxes = trans fers = 0, and the aggregate price level in Arcadia is fixed.) a. What is the marginal propensity to consume in Arcadia? [TYPE YOUR ANSWER BELOW] b. Write out the consumption function for the Arcadian economy. [TYPE YOUR ANSWER BELOW]

Use the following table to answer the next question. All figures in the table are in billions. C + I $525 560 RGDP $500 550 600 650 700 750 $600 billion. $700 billion. $650 billion. 595 630 665 700 $550 billion. Exports $15 15 15 5555 The equilibrium level of real GDP in this private open economy is Multiple Choice 15 15 15 Imports $10 10 10 10 10 10

C= 26 +0.75Y = 60 X = 24 M = 10 (Advanced analysis) The equations give information for a private open economy. The letters Y, C, I, X, and M stand for GDP, consumption, gross investment, exports, and imports, respectively. Figures are in billions of dollars. The multiplier for the economy is 4.6. 3.33. 5.0. 4.0.

The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,175 million. Enter the amount for government purchases. National Income Account Value Government Purchases (GG)   Taxes minus Transfer Payments (TT) 225 Consumption (CC) 625 Investment (II) 300   Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S)  =          =             $ million    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 Saving  =         =   $ million    Public Saving  =          =   $ million    Based on your calculations, the government is running a budget (a. surplus, b. deficit).

Confused and not sure how to answer

Suppose GDP in 2022 was $25 trillion and the economy has a constant growth rate of 3%. What will GDP be in 2040? $45.1 trillion $33.6 trillion $43.8 trillion $42.6 trillion