please zoom in to see Question 37Suppose in the economy Richlandia the GDP in 2021 was $ 150 billion. Also, assume that gross investments was $40 billion, personal consumption expenditure was $ 80 billion and net exports was -20 billion. What was the value of government spending in Richlandia in 2021?0 $0O $ 10 billionO $50 billionO $30 billionQuestion 38The unemployment rate that would result from the combination of economic, social, and political factors that exist at a time-assuming the economy was neither booming nor in recession is called;O Cyclical unemploymentO Natural rate of unemploymentO Structural unemploymentO Frictional unemploymentQuestion 39Which of the following statements is FALSE?O An expansionary fiscal policy might consist of an increase in transfer payments,O An investment tax credit is an example of expansionary fiscal policyO An expansionary fiscal policy seeks to shift aggregate demand to the rightO Discretionary fiscal policy is always expansionaryQuestion 40Which of the following questions are macroeconomic questions?What factors determine the price of milk?O What determines the wage of auto workers?O What determines the inflation rate?O None of the above are macroeconomic questions

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Question 37 Suppose in the economy of Richlandia the GDP in 2021 was $ 150 billion. Also, assume that gross investments was $40 billion, personal consumption expenditure was $ 80 billion and net exports was -20 billion. What was the value of government spending in Richlandia in 2021? 0 $0 O $ 10 billion O $50 billion O $30 billion

Question 37 Suppose in the economy of Richlandia the GDP in 2021 was $ 150 billion. Also, assume that gross investments was $40 billion, personal consumption expenditure was $ 80 billion and net exports was -20 billion. What was the value of government spending in Richlandia in 2021? 0 $0 O $ 10 billion O $50 billion O $30 billion

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter16: The Influence Of Monetary And Fiscal Policy On Aggregate Demand

Section: Chapter Questions

Problem 11PA

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