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;  a)     Calculate the GDP.   b)     Is there budget deficit or surplus? Calculate.   c)     How much is the private (household) saving?

Q: Y d -  C] equals Select one: a. the  MPC. b. the  MPS. c. spending. d. saving.

A: Yd is disposable income and the C is consumption so, Disposable income minus consumption we are…

Q: Y=C+I+G. Y=8,000 G=2,500. T=2,000. C=1,000+2/3(Y-T) 1=1,200-100r a) In this economy, compute private…

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A: Consumption = 700

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A: Given that, GDP = $8billion  Taxes = $1.5 billion  Private saving = $0.5 billion  Public saving =…

Q: Figure 21-2 Apal Interest FME 0 000 4₁ Loanable funds (billions of dollars per year) Refer to Figure…

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A: We are going to discuss the properties and various aspects of disposable income to answer this…

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A: In a closed economy, GDP= consumption+investment+government expenditure

Q: Question One The data below is for the small economy of Christodea in 2015. Consumption: C = 500 +…

A: Hello. Since you have posted multiple parts of the question and not specified which part of the…

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A: Economy means managing the available resources carefully.

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A: Consumptiin spending=GDP-taxes =11-3=8

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A: National savings is given by the equation = National Income - Consumption - Government expenditure.…

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A: ANSWER   (1) (a) Lower tax on interest income will increase savings, increasing the supply of…

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A: As per Keynesian economics, the aggregate demand is summation of consumption expenditure, investment…

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A: Given: Y= 10.0, C= 6.5, G= 2.0, G– T= 0.3 Public saving = T– G = – 0.3

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A: Given information: Government Spending (G) = 200 million, Tax Revenue (T) = $260 million Consumption…

Q: GDP $7.3 trillion Consumer Spending $5.2 trillion Taxes Minus Transfers $1.1 trillion Government…

A: Private savings can be defined as what the economy saves in an accounting year. Private savings can…

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A: GDP: The gross domestic product, or GDP, is a measurement of the total value of all products and…

Q: Consider an economy in which GDP is $30 billion. Tax revenue is $7 billion, consumption is $15…

A: 1. Government budget = Tax revenue – spending 2 Billion = 7 – spending Spending = 5 Billion $

Q: 22. Assume the US is operating in a closed economy and GDP is $20 trillion, consumption is $8…

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A: A loan fee is how much interest due per period, as an extent of the sum loaned, stored, or acquired.

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A: In an economy, taxes refers to the expenditure by the people and revenue of the government because…

Q: tures are more t

A: A private closed economy is an economy being driven by consumer spending or consumption and private…

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Q: Problem 4. In a closed economy, consumption is C = 100+0.8Yp – 50r, taxes T = 200 and transfers are…

A: C=100+0.8YD-50r T=200 TR=100 I=530-10,000r Y=0 Public Debt=0

Q: The table given below shows the disposable income and consumption of a household. In the table…

A: given   Disposable Income ($)                      Consumption ($)               1,000…

Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.