What are government transfer payments? Are they included as part of the government spending component of GDP?

The savings rate in a country is 25%. The government wants to expand GDP by $300 Billion. How much must they increase Government spending to reach that goal?

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.

Describe the investment decisions made in the private sector?

How I measure NDP?

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?

Discuss how policymakers use national income data to make decisions about taxes, spending, and other economic policies.

If taxes are reduced , will most people save more or less than before ? Does national saving rise or fall? Explain .

Only typed answer and don't use chat gpt to solve

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