The table gives you information about the economy of Australia. Disposable Calculate the marginal propensity to save. income The marginal propensity to save is 0.25 >>> Answer to 2 decimal places. Saving (billions of dollars per year) 0 100 0 25 200 50 300 75 400 100

Consider the following data for a closed economy: Y = $11 trillion C = $10 trillion G = $2 trillion Spublic = $-0.5 trillion T = $1 trillion Use these data to calculate the following: a. private saving, b. investment spending, c. transfer payments and d. the government budget balance. a. Private saving is: $ trillion. (Round your responses to one decimal place.) b. Investment spending is: $ trillion. (Round your responses to one decimal place.) c. Transfer payments are: $ trillion. (Round your responses to one decimal place.) d. The government budget balance is: $ trillion and as a result the government budget is in (Round your responses to one decimal place.)

Suppose real GDP is $6,182 billion, taxes collected by the government are $719 billion, government spending is $820 billion, and consumption spending is $4,478 billion. What is the value of national saving?

a. If national saving of a closed economy equals$100,000, net taxes equal$125,000,GDPdeflator is 175 and government expenditure equals$45,000, what is private saving?