QUESTION, 11Y - C- Gin a closed economy, representsa.national savingb.private savingpublic savingс.d.government tax revenuead.QUESTION 12For the Argentinean economy, T= $4,500; S = $10,500; C = $48,000; and the government is running a budget surplus of $1,000. Thenprivate saving = $4,800 and GDP= $70,000.a.private saving = $6,200 and GDP= $63,000.private saving = $9,000 and GDP= $62,000.b.с.d.private saving = $9,500 and GDP = $62,000.%3Dad.OOO QUESTION 7The introdution of the video cassette recorder in the 1970s exemplified a problem in measuring the cost of living; that problem is the problemofa.substitution bias.product-improvement bias.introduction of new goods.b.с.d.unmeasured quality change.aQUESTION 8The definition of productivity isa.real GDP per worker.b.nominal GDP per worker.с.natural resources per workerd.physical capital per worker.ad.

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Choose all true statements on the saving, investment and loanable funds market in a closed economy. (choose 2) a. If the government opens up a budget deficit by cutting labor income tax, and workers save full proceeds of the tax cut, interest rate and investment do not change. b. If the government opens up a budget deficit by cutting labor income tax, and workers spend additional income saved from the tax cut, national saving falls and interest rate rises. O c. An increase in corporate income tax will lead to a higher equilibrium interest rate. d. Tax incentives for saving will lead to higher interest rates and thus lower investments.
country has domestic investment of $200 billion. Its citizens purchase $600 billion of foreign assets and foreign citizens purchase $300 billion of its assets. What is national saving? a. $500 billion b. $400 billion c. $800 billion d. $600 billtion
pls also do the graph
What do loanable funds finance? What is the source of loanable funds? Loanable funds finance _______. A. business investment, the government budget surplus, and international borrowing B. business investment, the government budget deficit, and international investment or lending C. private saving, the government budget surplus, and international borrowing D. private saving, the government budget deficit, and international investment or lending
QUESTION 27 Figure 2-10 Tashwashers 45 40 35 30 25 20 15 10 3 AC D 15 30 45 60 75 408 bash Refer to Figure 2-10. Points A, B, and D represent efficient outcomes for this economy. True False QUESTION 28 If consumption is $4000, exports are $300, government purchases are $1000, imports are $400, and investment is $800, then GDP is $5700. True False
Suppose the government of a small open economy decides to increase taxes on all gross incomes, describe what will happen to public saving assuming all other things remain constant. a.Public saving will not be affected b.Public saving will decrease c.National saving will increase d.Public saving will increase
4. Suppose gross saving in the United States is 20 percent of Gross National Product (GNP). a. If business saving is 15 percent of GNP and government saving is 4 percent of GNP, what percent of GNP is personal saving?b. Explain why a federal budget surplus increases national saving while a budget deficit decreases national saving.c. How can a federal budget deficit increase market equilibrium interest rates and reduce private investment and future economic growth?
When the exports are less than imports, then there will be ___________. a. Budget surplus b. negative net exports c. positive net exports d. budget deficit
Problem 3 à 152 msllov For each of the following scenarios, use the supply and demand graph to demonstrate the resulting changes in the equilibrium real interest rate, national saving and investment. a. The government raises its tax on corporate profits. Other tax changes are also made, such that the government's deficit remains unchanged. Chil b. Concerns about job security raise precautionary saving. c. New environmental regulations increase firms' costs of operating capital. d. The government reduces its overall spending, lowering the government budget deficit. Imsidor9
If Japan goes from a small budget deficit to a large budget deficit, it will reduce A. public saving and so shift the supply of loanable funds left. B. None of the above is correct. C. investment and so shift the demand for loanable funds left. D. private saving and so shift the supply of loanable funds left.
45.
Suppose a closed economy had public saving of -$1 trillion and private saving of $3 trillion. What are national saving and investment for this country? B $2 trillion, $2 trillion $2 trillion, $3 trillion C) $3 trillion, $3 trillion $4 trillion, $2 trillion

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