answers

watching

views

pucecat917Lv1

28 Sep 2019

Suppose a country has total GDP (Y) = $10 trillion, consumption = $7 trillion, government spending = $2 trillion, investment = $2 trillion, and taxes = $1.5 trillion.

Instructions: Round your answers to one decimal place and include a negative sign if necessary.

a. What is the level of net exports or balance of trade? $ trillion.

b. What is the level of public savings? $ trillion.

c. What is the level of private savings? $ trillion.

d. What is the level of net capital outflow? $ trillion.

answers

watching

587

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

lalithashwin156Lv10

1 May 2023

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Verified Answer

Joshua StredderLv10

28 Sep 2019

Already have an account? Log in

16 Dec 2020

Answer verification

This is a step by step verification of the answer by our certified expert.

Subscribe to our livestream channel for more helpful videos.

Related questions

Assume that the MPS in an economy is equal to 0.25 The multiplier must be equal to 4.00

You have established that the multiplier is 4.00 Now assume that autonomous real consumption is $2 trillion. There is no other autonomous spending presently taking place in the economy. At what level is consumption equal to real GDP? (Round your answer to two decimal places)

You have established that the multiplier is 4.00 and that autonomous real consumption is $2 trillion and autonomous net exports of $5 trillion. At what level are expenditures equal to real GDP? (Round your answer to two decimal places)

bronzeworm718

1. Fill in the missing information wherever there is a question mark.

2. Consumption is $6 trillion, investment is $2 trillion and government purchases are $2.5 trillion. The country exports $1 trillion and imports $1.5 trillion. Find net exports and solve the level of aggregate demand.

3. Answer True or False for each of the following

In the real world, government spending is independent of income levels.

Most Americans actually pay more to Social Security/Medicare than income taxes.

Excise taxes are proportional because everyone pays the same amount.

Tax rates in the US are higher than is usual among developed countries.

Progressive taxes are based on the ability to pay principle.

In an open economy aggregate demand or aggregate expenditures is C + I + G.

A trade deficit lowers the demand for a country's goods.

The US has not run a trade surplus for over 20 years.

The US is the world's largest exporter but not the world's largest importer.

Trade makes up a larger percentage of the US economy than a couple of generations ago.

plumraccoon475

Multiple Choice (2 points each)

Identify the choice that best completes the statement or answers the question.

____ 16. Government purchases, under the expenditure approach to GDP accounting, do not include:

a.	state government purchases of plumbing services.
b.	Social Security benefit payments to retirees.
c.	the salaries of military officers.
d.	federal government purchases of computers.

____ 17. GDP equals $8 trillion. If consumption equals $5.5 trillion, investment equals $500 billion, and government spending equals $1.5 trillion, then:

a.	exports exceed imports by $500 billion.
b.	imports exceed exports by $500 billion.
c.	net exports equal zero.
d.	exports exceed imports by $1 trillion.
e.	imports exceed exports by $1 trillion.