The table gives the government outlays and tax revenues from 2015 through 2019 for two countries.         Year Country A Government outlays ​(trillions of 2012​ dollars) Country A Tax revenue ​(trillions of 2012​ dollars) Country B Government outlays ​(trillions of 2012​ dollars) Country B Tax revenue ​(trillions of 2012​ dollars) 2015 0.75 0.80 1.05 1.10 2016 0.80 0.83 0.90 0.92 2017 0.87 0.86 0.87 0.88 2018 0.95 0.95 0.85 0.83 2019 1.06 1.02 0.70 0.75   In 2017 country A had a​ ________ and country B had a​ ________.   A. budget​ deficit; budget deficit   B. budget​ surplus; budget deficit   C. budget​ surplus; budget surplus   D. budget​ deficit; budget surplus   E. balanced​ budget; budget deficit

1.1. What is the US GDP for the first quarter and second quarter of 2020?  What is the personal consumption expenditures for the first quarter and second quarter of 2020?

For each of the following figures, indicate what changes in fiscal policy would result in a shift from AEo to AE1.

The following table contains data for a hypothetical closed economy that uses the dollar as its currency.  Suppose GDP in this country is $1,800 million. Enter the amount for government purchases.

Search 1 X Chap7 Hw (1).docx Format Tools Help a Assignments - Principles of M No Spacing 2 W S # 3 BIU A. A. E Consider the following national income accounting data for an economy in a recent year. All figures are in billions of dollars. Personal Taxes Social Security Contributions Rents Taxes on Production & Imports Corporate Income Taxes Interest Proprietor's Income. Transfer Payments Dividends e X Compensation of Employees Net Exports Undistributed Corporate Profits Government Purchases Net Private Domestic Investment Econ 2105 Chap7 Fw 111.docx x + /bomcoldodma figpchkicefolgmifalc/views/app.html Imports Personal Consumption Expenditures Consumption of Fixed Capital (Depreciation) Net Foreign Factor Income Corporate Profits Statistical Discrepancy d C $ 4 r With the above data, follow Tables 7.3, 7.4, and 7.5 in the textbook for guidelines and acceptable steps to calculate: (a) Gross Domestic Product (GDP) by both the expenditures and the income approaches. EXTI Th % 5 t g Oll 6…

22. The Taxes on corporate income (included in current tax receipts) for the 4th quarter of 2019 is: $______ billions. 23.The Taxes on corporate income (included in current tax receipts) for the 4th quarter of 2017 is: $______ billions. 24.The change in the Taxes on corporate income, from 4th quarter of 2017 to the 4th quarter of 2019 is: ______ billions. 25. The Contributions for government social insurance FROM PERSONS for the 4th quarter of 2019 is: $______ billions. 26. The Contributions for government social insurance FROM PERSONS for the 4th quarter of 2017 is: $______ billions. 27. The change in the Contributions for government social insurance FROM PERSONS, from 4th quarter of 2017 to the 4th quarter of 2019 is: ______ billions.

In the ruins of an ancient Mesopotamian civilization, Dr. Jones has found what appears to be a partially intact government records about economic activity in the kingdom. From the recovered tablets, he learned that GDP was 12 billion, private consumption was  9.5 billion,transfers to poor were 1.5 billion, private investments were at 2.1 billion, government purchased goods and services in the amount of 1.7 billion and collect 3 million in taxes. Assuming the data are correct, what can you say about(a) net exports, (b) private savings, and (c) public savings. What do the numbers in (a), (b), and (c) mean?

Assume the following to answer the following question:  C= 1000+ .9 (Y-T) Tax rate = 0.1Y Imports = 0.1(Y-T) Government spending = 200 Investment = 300 Exports = 600 Potential Output = $8000 What is the current GDP in this economy?

Which country has the highest ratio of government spending to GDP? United States China O Japan O Sweden