Consider the following table:Billions of dollarsGDP$13,300DepreciationCorporate earningsTransfer PaymentsPersonal Tax Payments1,4501,2505001,500National income (NI) equals $billion. (Enter your response as an integer.)Personal income (PI) equals $billion. (Enter your response as an integer.)Disposable personal income (DPI)equals $billion. (Enter your response as an integer.) Consider the following data for a closed economy:Y = $14 trillionC = $7 trillionG = $2 trillion= $ – 1.0 trillion%3DSpublicT= $4 trillionUse the data to calculate the following: (Enter your responses rounded to one decimal place.)a. Private saving is: $trillion.b. Investment spending is: $trillion.c. Transfer payments are: $trillion.d. The government budget balance is: $trillion and as a result the government budget is in

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Consider the following table: Billions of dollars $13,300 1,450 1,250 GDP Depreciation Corporate earnings Transfer Payments Personal Tax Payments 500 1,500 National income (NI) equals $ billion. (Enter your response as an integer.) Personal income (PI) equals $ billion. (Enter your response as an integer.) Disposable personal income (DPI)equals $ billion. (Enter your response as an integer.)

Consider the following table: Billions of dollars $13,300 1,450 1,250 GDP Depreciation Corporate earnings Transfer Payments Personal Tax Payments 500 1,500 National income (NI) equals $ billion. (Enter your response as an integer.) Personal income (PI) equals $ billion. (Enter your response as an integer.) Disposable personal income (DPI)equals $ billion. (Enter your response as an integer.)

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Savings,investment And The Financial System

Section: Chapter Questions

Problem 4PA

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I and T are fixed (I=Io and T=to), so we know that if households attempt to save more, cet. par., Private saving will rise and the government budget deficit (GBD) will fall. Private saving will fall and the GBD will rise. Private saving will not change, but the GBD will rise. none of the above Provide appropriate name(s) and explain using I=sum of Saving.
Given the following on a closed economy.C = 40 + 0.8Yd C= consumptionI = 55 – 200r I= InvestmentG = 20 G = government spendingT = 20 T = TaxesYe = 400 Ye = National Incomer = rate of interestTo be solved are the following subparts; d. The level of Private savingse. The level of Public savingsf. The level of national savings
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If consumption expenditures are $1800 million, gross investment is $450 million, imports are $350 million, exports are $180 million, government expenditure on goods and services is $120 million, and government transfer payments are $180 million and net taxes are $250 million; d) How much is the disposable income? e) Calculate the national savings.
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Suppose GDP is $8 trillion, taxes are $1.5 trillion, private savings is $0.5 trillion, and public savings is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving and investment.
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Given the following on a closed economy.C = 40 + 0.8Yd C= consumptionI = 55 – 200r I= InvestmentG = 20 G = government spendingT = 20 T = TaxesYe = 400 Ye = National Incomer = rate of interest Find: The level of Private savingsThe level of Public savingsThe level of national savings