need help on both please Scenario: Open Economy S= /In an open economy the GDP is $12 trillion this year. Consumption is $8 trillion, andgovernment spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion, andimports are $3 trillion.Reference: Ref 10-2(Scenario: Open Economy S= ) How much is national saving?O a) $2 trillionO b) $3.5 trillionO c) $5.5 trillionO d) $4 trillion (constant dollars)Prooucivtyusing 2010bschnsogy$120,00090 c00Productnyusing 1H6technsingy10 20 30 40 50 80 70 80 se 100Physical capital per worker(2000 dollars)Reference Ret(Figure: Technological Progrdss and Productivity Growth) If there is an increase inphysical capital per worker (all other factors remaining unchanged), it would be bestindicated by a move from:a) B to C.O b) C to B.O) A to B.O d) B to A.dtv

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Scenario: Open Economy S= / In an open economy the GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion, and imports are $3 trillion. Reference: Ref 10-2 (Scenario: Open Economy S= O How much is national saving? O a) $2 trillion O b) $3.5 trillion Oc) $5.5 trillion O d) $4 trillion

Scenario: Open Economy S= / In an open economy the GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion, and imports are $3 trillion. Reference: Ref 10-2 (Scenario: Open Economy S= O How much is national saving? O a) $2 trillion O b) $3.5 trillion Oc) $5.5 trillion O d) $4 trillion

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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