Suppose GDP is $50,000, tax revenue is $20,000, and government spending is $40,000. What is government savings? -$40,000 O-$30,000 -$20,000 -$10,000 $30,000
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- 10) Suppose net taxes are $50 billion. Government spending is $125 billion. Investment is $50 billion and consumption is $100 billion. What is national savings? A) 50 billion B) -50 billion C) 75 billion D) -75 billion.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; d) How much is the disposable income? e) Calculate the national savings.- If personal income taxes are increased, disposable income and consumption increase. stay the same. decrease. change in an unpredictable direction
- 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? A. $ 0 B. $ 10 billion C. $ 50 billion D. $ 30 billionSuppose GDP is $8 trillion, taxes are $1.5 trillion, private savings is $0.5 trillion, and public savings is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving and investment.Suppose that GDP is $8 billion, taxes are $1.5 billion, private saving is $0.5 billion, andpublic saving is 0.2 billion. Assuming the economy is closed, calculate the size of: Government Spending and National Savings
- #43 .Suppose that in a closed economy GDP is equal to $33,000, consumption equal to $18,000, government purchases equal $6,500, and taxes equal $6,750. What are private saving, public saving, and national saving? a $15,000, $26,250, and $13,250, respectively b $8,250, $250, and $8,500, respectively c $250, $8,250, and $8,500, respectively d $26,250, $15,000, and $13,250, respectively1. Suppose that in a closed economy GDP is $50,000, consumption is $35,000, taxes are 10,000 and government spending is $5,000. In this case, private saving is _____. a $5,000 b $10,000 c $15,000 d none of the above 2. Suppose that in a closed economy GDP is $50,000, consumption is $35,000, taxes are 10,000 and government spending is $5,000. In this case, investment is _____. a ($5,000) b $5,000 c $15,000 d None of the aboveSuppose GDP in this country is $480 million. National Income Account Value (Millions of dollars) Government Purchases (GG) 150 Taxes minus Transfer Payments (TT) 180 Consumption (CC) 225 Investment (II) 105 Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private SavingPrivate Saving = (YTI, TG, YCT) = = ?million Public SavingPublic Saving = = (CT, TG, YCT, YTI) = = $million
- What is general government final consumption reflecting in terms of GDP of a country? What it indicates when the value is high or low?Suppose GDP is $ 15 trillion, with $ 8 trillion coming from consumption, $ 2.5 trillion coming from gross investment, $ 3.5 trillion coming from government expenditures, and $ 1 trillion coming from net exports. Also suppose that across the whole economy, personal income is $ 12 trillion. If the government collects $ 1.5 trillion in personal taxes, then disposable income will be: a) $ 13.5 trillion b) $ 12.0 trillion c) $ 10.5 trillion d) None of these are correctIn 2018, Kendall Ford, an automobile dealership, spent $20,000 on a new car lift for itsrepair shop, $2,000 on a new copy machine for its sales division, and $600,000 on FordMotor company stock. Unsold cars and trucks were valued at $400,000 on January 1, 2018and unsold cars and trucks were valued at $900,000 on December 31, 2018. What isKendall Ford's total investment spending in 2018?F) $1,022,000 G) $522,000 H) $22,000 J) $322,000 Could you please explain a little about the time January 1, 2018 and December 31 2018. Does the time zone affect any component of GPD? Thanks in advanced.
