consider the following hypothetical economy. The economy is closed, meaning the economy neither exports or imports. And the economy national saving us 20 trillion and government expenditure is 5 trillion. What is the level of investment

Suppose that consumption is $2,800, investment is $500, and government spending is $600. The economy is closed so there are no net exports. Taxes are $450. Based on this information: National saving is $ Private saving is $ Government (public) saving is $ Enter whole numbers. « Previous Next ASUS 15 8

For each form of private spending, indicate whether it represents consumption or investment. Private Spending Consumption Investment Firms buying computers Firms buying soft drinks for a holiday party Firms building new factories People buying washing machines For each form of government spending, indicate whether it represents consumption or investment. Government Spending Consumption Investment Building tunnels Buying medical equipment Building roads Payment for public safety employees

Consider country A, which is a closed economy. Suppose that A’s private saving is 280 and investment is 250. What is the public saving? Consider country B, which is a closed economy. B’s private saving is 500, its government spending is 100, budget deficit is 50, consumption is 1000. what is the B’s investment and the disposable income, Y – T (Y is the total income, T is tax revenue)?

An economy consumes 1 million chickens each year. A new technology in raising chickens lowers the price of each chicken from $50 to $40. Suppose the economy still consumes 1 million chickens each year at the lower price. Do you agree that since the consumers pay $10 million less, the national saving due to the change in price equals $10 million?

Assume that a country experiences a permanent increase in its saving rate. Which of the following will occur as a result of this increase in the saving rate?

In the small closed economy of Bonretia, the currency is the denar. Statistics for last year show that private saving was 50 billion denars, taxes were 40 billion denars, government purchases of goods and services were 30 billion denars, there were 20 billion denars in transfer payments by the government, and GDP was 70 billion denars. What were consumption and investment in San Bonretia? Please read carefully before solve

In the economy of Ukzten in 2010, consumption was $3,000, exports were $400, GDP was $5,000, imports were $600, and investment was $1,100. What were Ukzten's government purchases in 2010?

Durable Goods Consumption Expenditures $350 Nondurable Goods Consumption Expenditures $1,000 Services Consumption Expenditures $3,000 Business Fixed Investment $1,500 Change in Inventories -$100 Government Consumption Expenditures and Gross Investment $2,000 Exports $1,000 Imports $700   Refer to the table shown here. What is the value of net exports or the trade balance?    Selected Answer: -$300. Answers: $300.   -$300.   $1,700.   -$1,700.

The government reduces the tax burden (or tax rate), how the real GDP change a. if it is a closed economy b. if it is a small open economy c. if it is a large economy