Fill in the blanks:The following shows information of a hypothetical economy in a given year. Calculate thevalues of national saving, private saving, and government saving.S MillionConsumption350Gross investment purchases100Exports6050ImportsGovernment purchases125Government tax revenues100Workers' wages and salaries470Depreciation60The value of national saving is $the value of private saving is $and the value of government saving is $

Y=Consumption+Investment+Government purchase+Net Exports Y=350+100+125+(60-50)Y=575+10Y=585

Fill in the blanks: The following shows information of a hypothetical economy in a given year. Calculate the values of national saving, private saving, and government saving. $ Million 350 Consumption Gross investment purchases Exports Imports Government purchases 100 60 50 125 Government tax revenues 100 Workers' wages and salaries Depreciation 470 60 The value of national saving is $ ,the value of private saving is $ and the value of government saving is $

Fill in the blanks: The following shows information of a hypothetical economy in a given year. Calculate the values of national saving, private saving, and government saving. $ Million 350 Consumption Gross investment purchases Exports Imports Government purchases 100 60 50 125 Government tax revenues 100 Workers' wages and salaries Depreciation 470 60 The value of national saving is $ ,the value of private saving is $ and the value of government saving is $

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Savings,investment And The Financial System

Section: Chapter Questions

Problem 5PA

See similar textbooks

Similar questions

Suppose that GDP is $8 billion, taxes are $1.5 billion, private saving is $0.5 billion, and public saving is 0.2 billion. Assuming the economy is closed, calculate the size of:(i) Consumption (ii) Investment (iii) Government Spending (iv) National Savings b. Explain the difference between saving and investment as defined by a macroeconomist. c. Which of the following situations in c (i) & c (ii) represent investment? Saving? Explain(i) Your family takes out a mortgage and buys a new house. (ii) You use your paycheque to buy stock in Sagicor Financial Services.
Consider an economy described by the following equations:Y = C + I + GY = 5,000G = 1,000T = 1,000C = 250 + 0.75(Y −T )I = 1,000 − 50 r.a. Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving.
If household saving decreases by $4 million, business saving increases by $4 million, and the government budget deficit decreases by $4 million, then private saving ______ and public saving ______. Select one: a. increases; increases b. increases; decreases c. does not change; increases d. does not change; decreases..... expl why
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.