GDP C $140 $150 180 180 220 210 260 240 300 270 The accompanying schedule contains data for a private closed economy. All figures are in billions. If a lump-sum tax of $20 is imposed, the consumption schedule will become
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|
a.
GDP | C |
$140 | $130 |
180 | 160 |
220 | 190 |
260 | 220 |
300 | 250 |
b.
GDP | C |
$140 | $155 |
180 | 185 |
220 | 215 |
260 | 245 |
300 | 270 |
c.
GDP | C |
$140 | $135 |
180 | 165 |
220 | 195 |
260 | 225 |
300 | 255 |
d.
GDP | C |
$120 | $150 |
160 | 180 |
200 | 210 |
240 | 240 |
280 | 270 |
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- 3. If C = 1,500+ 0.60Y and T = 50, what is the after-tax consumption function? a.C= 1470+ 0.4Y www b.C 1470 +0.6Y www = C.C 1500+ 0.6Y www. = d.C 1530 +0.6Y www =Refer to the following graph to answer the next three questions. Interest rate $50 billion S 5% 4% D2 D₁ $125 $150 government borrowing (billions of dollars) Savings, investment, According to the graph, private investment of crowding-out. decreased by $50 billion O remained unchanged increased by only $25 billion decreased by $25 billion increased by $50 billion as a resultDiscuss the important features of the public budget and the relationshipbetween revenues and expenditures.
- Find the NDP from given data. GNP at MP $ 97503, net rector income from abroad $-201, net indirect of fixed capital $10576, consumption of fixed caoicap $5699Consider a closed economy. The profits of private corporations constitute a fraction ?of national income. These profits are subject to corporate tax and a fraction ? of the net profits is distributed to owners. The remaining profits are invested in theeconomy. To encourage investment, the government proposes to cut the corporation tax. The corporation tax is proportional and so is the regular tax but the rates are notnecessarily the same.Analyse the effects of the government proposal assuming that wages and pricesare flexible. Will there be any ambiguity about the results?What is the distinction between government purchases and transfer payments? What is the relative importance of these two types of expenditures in total government expenditures expressed as a per cent of GDP? Why are some government purchases necessary to administer transfer payments by the government?
- If consumption expenditures are $1800 million, gross investment is $450 million, imports are $350 million, exports are $180 million, government expenditure on goods and services is $120 million, and government transfer payments are $180 million and net taxes are $250 million; a) Calculate the GDP. b) Is there budget deficit or surplus? Calculate. c) How much is the private (household) saving?perating under a balanced government budget. Real Interest Rate (Percent) 2 National Saving (Billions of dollars) 65 60 55 50 45 40 Domestic Investment (Billions of dollars) 25 35 45 55 65 75 Net Capital Outflow (Billions of dollars) -20 -15 -10 5 0 5Use the following table to answer the next question. All figures in the table are in billions. C + I $525 560 RGDP $500 550 600 650 700 750 $600 billion. $700 billion. $650 billion. 595 630 665 700 $550 billion. Exports $15 15 15 5555 The equilibrium level of real GDP in this private open economy is Multiple Choice 15 15 15 Imports $10 10 10 10 10 10
- u.edu.tr/mod/quiz/attempt.php?attempt=3214468&cmid%3D203021 Refer to the information provided in Figure 23.3 below to answer the question(s) that follow. amadı inden 270 miş 200 işaretle 130 60 450 100 200 300 Aggregate income (Y) Figure 23.3 Refer to Figure 23.3. The equation for the aggregate saving is Lütfen birini secin. O A S= -130 +0,4Y O B. S= 140 +05Y OC S= -80 +0.4Y ODS= -60 +03Y CES 200 +06Y Aggregate consumption (C)Suppose GDP in this country is $1,540 million. Enter the amount for government purchases. National Income Account Value (Millions of dollars) Government Purchases (GG) Taxes minus Transfer Payments (TT) 455 Consumption (CC) 700 Investment (II) 490 Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private SavingPrivate Saving = = (t-g, y-t-i, c-t,y-c-t) = = million Public SavingPublic Saving = = (t-g, y-t-i, c-t, y-c-t) = = million Based on your calculations, the government is running a budget (surplus, deficit) .Table 24.8 Consumption Spending All Figures in Billions of Dollars Planned Investment Output Income) Net Taxes (C=100+ 0.9Y) Savings Purchases 2,600 2,800 3,000 3,200 3,400 3,600 3,800 100 100 100 100 100 100 100 2,350 2,530 2,710 2.890 3,070 3,250 3,430 150 170 190 210 230 250 270 150 150 150 150 150 150 150 Government Spending 200 200 200 200 200 200 200 le Refer to Table 24.8. The equilibrium level of income is Lütfen birini seçin: O A. $3,600 billion O B. $3,400 billion OC $2,600 billion. O D. $3,800 billion O E. $3,200 billion 8888888