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- What is fiscal deficit and what are two reasons why this economic statistic is so closely monitored in small fixed exchange rate economies?Assume that the gross domestic product is $6,000, personal disposal income is $5,100, thegovernment deficit is $200, consumption is $3,800, and the trade deficit is $100. What is the sizeof: d. National Savingse. Taxesf. Public savingsAssume that GDP is $6,000, personal disposable income is $5,100, and the government budget deficit is $200. Consumption is $3,800, and the trade deficit is $100. a. How large is saving ( S )? b. How large is investment ( I )? c. How large is government spending ( G )?
- The us government has shutdown a number of times in recent history. Explain how a government shutdown will affect the variables inthe national investment and savings identity. Could the shut down affect the governement budge deficit?Assume that the gross domestic product is $6,000, personal disposal income is $5,100, thegovernment deficit is $200, consumption is $3,800, and the trade deficit is $100. What is the sizeof:a. Private Savingb. Investment c. Government Spendingd. National Savingse. Taxesf. Public savingsImagine that the U.S. economy finds itself in the following situation: a government budget deficit of $100 billion, total domestic savings of $1,500 billion, and total domestic physical capital investment of $1,600 billion. According to the national saving and investment identity, what will be the trade balance? What will be the trade balance if investment rises by $50 billion, while the budget deficit and national savings remain the same?
- 1a)If national income Y = 10,400, disposable income is Yd = 8,800 (assuming transfer payments are zero), consumption is C = 7,700, net exports is NX = 220, and the budget deficit is BD = 150, what is the level of private domestic investment, I ? 1,170 9,230 1,750 1,600 730 1b) The government's structural budget deficit is also called the cyclically-adjusted budget deficit general government budget deficit estimated budget deficit actual budget deficit cyclical budget deficitUsing the following data, determine: National Income (GDP) 1,275 billion Marginal propensity to consume, b 0.9 Proportional rate of taxes 0.35 Autonomous expenditure 45 billion Exports 400 billion Marginal propensity to import, MPIm 0.23 Part 1: Level of Canadian imports, M? Part 2: Level of Canadian net exports, NX? Part 3: Is the trade balance in: (answer 1 for Surplus or 2 for Deficit )An increase in the budget deficit is the result of: A) Expansionary monetary policy; B) Contractionary monetary policy; C) Expansionary fiscal policy; D) Contractionary fiscal policy. Company tax is a: (a) Progressive, direct tax; (b) Progressive, indirect tax; (c) Proportional direct tax; (d) Regressive indirect tax. In the base year, a country produced 50 units of output at a price of R6,00 each for a nominal GDP of R300. This year it produces 60 units of output at a price of R8,00 each. What is the percentage change in real GDP since the base year? (a) 5%; (b) 10%; (c) 20%; (d) 15%.
- Explain the contractionary fiscal policy in the short run and long run (ignoring exchange rate and capital flows).Explain how current account and budget deficit (twin deficit) are related so that changes in one are reflected in changes in the other .Explain.1) In a closed economy, investment cannot be equal to private savings.A) TrueB) False 2)A rise in risk premium will cause bond market prices to rise.A) TrueB) False 3)If the government is running a budget deficit and private saving is less than investment, thecountry must be running a trade deficit at equilibrium.A) TrueB) False