Y=15 trillion
C=8 trillion
I=3 trillion
TR=2 trillion
T=3 trillion
Use the data to find:
a. private saving
b. public saving
c. government purchases
d. the government budget balance and if there is a surplus, balance, or deficit
Y=15 trillion
C=8 trillion
I=3 trillion
TR=2 trillion
T=3 trillion
Use the data to find:
a. private saving
b. public saving
c. government purchases
d. the government budget balance and if there is a surplus, balance, or deficit
Related textbook solutions
Related questions
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. |
____ 18. If some non-price level determinant causes total spending to increase, then the effect on aggregate demand will be a:
|
a. |
movement upward along the curve. |
|
b. |
movement downward along the curve. |
|
c. |
shift to the left. |
|
d. |
shift to the right. |
____ 19. An increase in the U.S. price level will:
|
a. |
increase U.S. exports. |
|
b. |
increase U.S. imports. |
|
c. |
increase RGDP demanded in the United States. |
|
d. |
both a. and c. |
|
e. |
both b. and c. |
