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Write the Total Spend equivalence in an open and governmental economy. (Variables will be written with their names, not abbreviations)
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- consider the following hypothetical economy. The economy is closed, meaning the economy neither exports or imports. And the economy national saving us 20 trillion and government expenditure is 5 trillion. What is the level of investmentTotal output of an economy can be divided into its alternative uses by considering who bought the output. When people in other countries purchase part of an economy's output, this is called: Please choose the correct answer from the following choices, and then select the submit answer button. net exports. exports. investment. consumption.The equations below describe the aggregate demand of an economy. There are neither a flow of goods and services nor capital across borders of this country. Y=C +I +G………. (1) C=Co+C(Y^d)……. (2) Y^d= Y-T…………. (3) T=t(Y) ……………. (4) I=Io+I(r)………… (5) G=Go……………... (6) M=PL(r,Y)……… (7) where Y is gross real domestic product, C is aggregate consumption expenditure by households, I is aggregate investment expenditure by firms, is government purchases of goods and services, Y^d is disposable personal income, and T is total income tax payments to government by…
- The equations below describe the aggregate demand of an economy. There are neither a flow of goods and services nor capital across borders of this country. Y=C +I +G………. (1) C=Co+C(Y^d)……. (2) Y^d= Y-T…………. (3) T=t(Y) ……………. (4) I=Io+I(r)………… (5) G=Go……………... (6) M=PL(r,Y)……… (7) where Y is gross real domestic product, C is aggregate consumption expenditure by households, I is aggregate investment expenditure by firms, is government purchases of goods and services, Y^d is disposable personal income, and T is total income tax payments to government by…In 2014 the dollar value of total output was roughly $40 billion in North Korea and $1,600 billion in South Korea. South Korea devotes 2.7 percent of its output to defense and North Korea devotes 14.8 percent of its output to defense. a. Compute how much North Korea spends on its military. billion b. Which nation spends more, in absolute dollars?Which of the following equations is correct for an economy that does not have a government or a foreign sector? Multiple Choice MPC × MPS = 1 MPC/MPS = 1 MPC - MPS = 1 MPC + MPS = 1
- Position each of the following eight terms in the UK’s circular flow of income diagram below: Consumption (of domestically produced goods and services); Net saving; Net taxation; Government expenditure; Factor payments (national income); Expenditure on imports; Investment; Expenditure on exports. Economists use specific letters to label each of these terms. The letters used are: S, G, X, M, I, Cd, T, Y Attach the correct letter to each of the terms you have written on the diagram.Need both answers Question 8 Suppose Barbara, a self-employed graphic artist, buys a new color copier that she uses to produce pamphlets for her clients. The ink cartridges Barbara uses in the printer Select one: A. would be included in GDP as an export. B. would be included in GDP as part of government spending. C. would be included in GDP as part of investment. D. would be included in GDP as part of consumption. E. would not be included in GDP because they are an intermediate good. Clear my choice Question 9 The following data are the seasonally adjusted percent changes from the preceding month for the United States. November 2018 December 2018 Total PPI -0.1 -0.1 Core PPI +0.2 0.0 In December 2018, food and energy prices in the United States _____ from their November 2018 levels. Select one: A. remained unchanged B. decreased C. increasedClassify each of the following items as a final good or service or an intermediate good or service, and identify which is a component of consumption expenditure, investment, or government expenditure on goods and services. A. A textbook bought by a student B. A computer purchased for a senator's office C. New cars bought by Hertz, the car rental firm D. Aluminum sheets bought by Boeing 1. A is a final good that is consumption expenditure, B is a final good that is government expenditure, C is a final good that is investment, and D is an intermediate good. 2. A is a final good that is investment, B is an intermediate good, C is a final good that is investment, and D is an intermediate good. 3. A is a final good that is consumption expenditure, B is an intermediate good, C is a final good that is consumption expenditure, and D is a final good that is investment. 4. A is a final good that is consumption expenditure, B is a final good…
- In South Africa state-owned enterprises (SOE) and labour unions are currently putting pressure on government to finance their activities and to increase wages for civil servants. Discuss how politicians, bureaucrats and interest groups can contribute to the growth of government expenditure in the economy.In the ruins of an ancient Mesopotamian civilization, Dr. Jones has found what appears to be a partially intact government records about economic activity in the kingdom. From the recovered tablets, he learned that GDP was 12 billion, private consumption was 9.5 billion,transfers to poor were 1.5 billion, private investments were at 2.1 billion, government purchased goods and services in the amount of 1.7 billion and collect 3 million in taxes. Assuming the data are correct, what can you say about(a) net exports, (b) private savings, and (c) public savings. What do the numbers in (a), (b), and (c) mean?Which of the following equals Aggregate Expenditures in a closed economy? Select one: a. none of the given options b. C + I + G + IM - X c. C + I + G + X – IM d. C + I + G + X
