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In a mixed open economy, the equilibrium GDP exists where
 
A. Ca + Ig + Xn intersects the 45-degree line.
B. Ca + Ig = Sa + T + X.
C. Ca + Ig + Xn + G = GDP.
D. Ca + Ig + Xn = Sa + T.

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Prachi Dabas
Prachi DabasLv10
25 Sep 2020

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Related questions

1. Given the following data, answer questions. Compute GDP, NDP, NI, and DI if PI is $740

NOTE: Use both the expenditure and the income approaches for # 1.  

Personal taxes……………30              Gross private domestic investment………….145

Depreciation……………..40               Corporate income taxes………………………65

Transfer payments…….....35          Undistributed income………………………...45

U.S. exports……………..12               Compensation for employees……………….540

Dividends………………..37                Indirect business taxes……………………...105

Corporate profits……….147            Personal consumption expenditure…………630

Rents…………………….10                  Social security contributions……………….110

Interest..   ……………… 38              Federal government purchases……………..140

U. S. imports……………..7               State & local government purchases………..50

Proprietors’ income……..90

 

2. Given the following data, compute GDP, NDP, and NI

Personal consumption expenditure………………….219.1               

Personal taxes………………………………………...40.5

U.S. exports of goods & services…………………….17.8                

Transfer payment…………………………………….13.9

Net private domestic investment……………………..42.1              

Depreciation………………………………………….11.8

Government purchases……………………………….59.4                

Rents………………………………………………......5.0

U.S. imports of goods & services…………………....20.5

Interest...……………………………………………...12.6

Indirect business taxes………………………………..16.6   

               

 3. Given the following income data, answer questions #1 and #2 properly.

Year                 C                       Ig                     G                     Xn                                GDP

  1              $ 3971.62              $800.20         $1235.38          $ --20.00        =       $_________

  2              $ 5407.02            ------------          1580.51             --40.36        =                8318.48

  3              $ 5584.65             1390.52         --------------              89.33       =                8708.44

a. Fill- in all the missing blanks.

b.  How big/small is the size of C, G, and Ig out of Year2 GDP?

Consider an economy with a money demand curve given by Dm = 10,000 - 4000r.

a) If the money supply in the economy is 6,000, then what is the equilibrium interest rate and quantity of money?

b) If (gross) investment demand is given by ID = 20,000 - 200r, then what is the equilibrium level on investment?

c) In a private closed economy, where AE = C + Ig and C = 10,000 + 0.8 Y, what is the equilibrium level of real GDP in the immediate short run?

d) In the immediate short run, how much does real GDP change when the Bank of Canada increases the money supply from 6,000 to 7,000? Is this monetary policy contractionary or expansionary?

In a mixed open economy, the equilibrium gross domestic product (GDP) exists where:
 
a) GDP = C+I+G
b) C+I= S+T+X
c) C+I+X+G = GDP
d) C+I+X= S+T
 

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