Refer to the above graph in which T is net tax revenues and G is govern expenditures. All figures are in billions. In this economy: government expenditures are planned, budgeted and independent c government expenditures are planned and vary directly with GDP; ta revenues are independent of GDP. government expenditures are planned, budgeted and vary inversely GDP. government expenditures are planned, budgeted and yang dirontlu CDD

3

GDP in an economy is $8,000 billion. Consumer expenditures are $4,800 billion, government purchases are $1,600 billion, and gross investment is $1,500 billion. Net exports must be $_____ billion. Your Answer: Answer 4

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

TOPUC: The federal budget

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Please text format answer

3

Calculate total expenditure if total receipts is $3300 and fiscal deficit is $3000

Consider the country of Sealand. The government wants to raise GDP by $60. It is known that MPS = 0.10. Which of the following could help the government achieve its objective? A. Reduce taxes collected by $6. B. need more information. OC. An increase in government expenditure by $12. D. All of the other answers are incorrect OE. An increase in government expenditure by $6.