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).

This question has four parts. (its not a writing assignment, just asking for a numerical value or simple answer) 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?   Go to the website for the Bureau of Economic Analyses (BEA):  https://www.bea.gov/   Section 1: Domestic Product and Income; Table 1.1.5   1.2. Use the information in Table 1 to analyze aggregate expenditures (AE) model below (Figure 1. Equilibrium in a Private Closed Economy).  (table 1 and figure 1 are in the attachments)   1.3.  Identify the mistake and explain why the graph of the aggregate expenditures line does not correctly illustrate the economy's equilibrium.   1.4. Create a graph for the aggregate expenditures (AE) model using the data from Table 1: A Private Closed Economy.   Tips: Remember, the 45degree line (also known as the Keynesian Cross) is a tool that shows how differences in aggregate…

Suppose that there are only two goods produced in an economy haircuts and banking services. Prices, quantities, and the number of workers occupied in the production of each good for year 1 and for year 2 are given in the table below Year 1 Year 2 P₁ Q₁ W₁ P₂ Q₂ W₂ Haircuts 7 120 50 9 120 50 Banking 7 190 50 9 220 60 Nominal GDP in year 1 is S (Enter your response to the nearest dollar) Nominal GDP in year 2 is S (Enter your response to the nearest dollar) Using year 1 prices, real GDP in year 2 is $ (Enter your response to the nearest dollar) The growth rate of real GDP is % (Round your response to two decimal places) The rate of inflation using the GDP deflator is % (Round your response to two decimal places) Using year 1 prices, real GDP per worker in year 1 is $ (Round your response to two decimal places) Using year 1 prices, real GDP per worker in year 2 is $ (Round your response to two decimal places) The growth rate of labor productivity between year 1 and year 2 for the whole…

For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Felix paints a landscape and sells it to an art collector in Canada. Deborah buys a new BMW, which was assembled in Germany. The Azinians build an addition on their house. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Carlos and Deborah's house. Deborah gets a new refrigerator made in the United States. C 0 U 0 I 0 0 0 G 0 0 0 0 X 0 0 0 M 0 0 0 0 0

Given the following data for an open economy at current market prices for the year 2019: Net investment spending 1258 Government Expenditure 651 Consumption expenditure 1621 Depreciation 188 Net export 170 Export 536 GDP deflator 2016 (unit free) 136   Given the information above, answer the following questions    What is the value of Gross investment spending?

Ca=25+0.75 (Y-T) lg = 50 Xn=10 G = 70 T= 30 (Advanced analysis) The accompanying equations are for a mixed open economy. The letters Y, Calg Xn, G, and T stand for GDP, consumption, gross Investment, net exports, government purchases, and net taxes, respectively. Figures are in billions of dollars. The equilibrium level of GDP for this economy is

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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.

Please solve using a national income accounting That tax increases (with no change in transfer payments) will change net exports, government spending and the saving-investment balance

principle of economy