Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 21, Problem 10APA
To determine
Determine the value of investment expenditure.
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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 $800 million. Enter the amount for government purchases.
Value
National Income Account
A (Millions of dollars)
Government Purchases (G)
Taxes minus Transfer Payments (T)
260
Consumption (C)
300
Investment (I)
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)
%24
million
Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from
IL ||
Suppose GDP in this country is $480 million.
National Income Account
Value
(Millions of dollars)
Government Purchases (GG)
150
Taxes minus Transfer Payments (TT)
180
Consumption (CC)
225
Investment (II)
105
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 SavingPrivate Saving
=
(YTI, TG, YCT)
= =
?million
Public SavingPublic Saving
= =
(CT, TG, YCT, YTI)
= =
$million
Use the data provided in the consumption schedule below for the nation of Nevets to answer the following questions.
Disposable income
(Billions of 2012 dollars)
Consumption Expenditure
(billions of 2012 dollars)
0
90
100
160
200
230
300
300
400
370
500
420
Which of the following is a CORRECT statement? Explain why.1. There are dis-savings at income levels of 400 and 500 billion dollars.2. The break-even level of income is 400 billion dollars.
3. Savings of 30 billion occurs at an income level of 200 billion dollars
Chapter 21 Solutions
Macroeconomics
Ch. 21.1 - Prob. 1RQCh. 21.1 - Prob. 2RQCh. 21.1 - Prob. 3RQCh. 21.2 - Prob. 1RQCh. 21.2 - Prob. 2RQCh. 21.2 - Prob. 3RQCh. 21.2 - Prob. 4RQCh. 21.2 - Prob. 5RQCh. 21.3 - Prob. 1RQCh. 21.3 - Prob. 2RQ
Ch. 21.3 - Prob. 3RQCh. 21.3 - Prob. 4RQCh. 21.3 - Prob. 5RQCh. 21 - Prob. 1SPACh. 21 - Prob. 2SPACh. 21 - Prob. 3SPACh. 21 - Prob. 4SPACh. 21 - Prob. 5SPACh. 21 - Prob. 6SPACh. 21 - Prob. 7SPACh. 21 - Prob. 8SPACh. 21 - Prob. 9APACh. 21 - Prob. 10APACh. 21 - Prob. 11APACh. 21 - Prob. 12APACh. 21 - Prob. 13APACh. 21 - Prob. 14APACh. 21 - Prob. 15APACh. 21 - Prob. 16APACh. 21 - Prob. 17APACh. 21 - Prob. 18APACh. 21 - Prob. 19APACh. 21 - Prob. 20APACh. 21 - Prob. 21APACh. 21 - Prob. 22APACh. 21 - Prob. 23APACh. 21 - Prob. 24APACh. 21 - Prob. 25APACh. 21 - Prob. 26APACh. 21 - Prob. 27APACh. 21 - Prob. 28APA
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