Suppose that in a closed economy GDP is $15.02 trillion, consumption is $6.28 trillion, taxes are $4.31 trillion, transfers are $1.48 trillion, and the government runs a budget surplus of $1.76 trillion. What is the value of national savings based on this information? Provide your answer in trillions and round it to two digits after the decimal. Ex. If your solution is 6.3 trillion, enter 6.30
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- Write out the equation for desired national savings. What changesto desired national saving and desired national consumption happen whengovernment spending increases, funded by an increase in taxes? Why doesconsumption change by less than G?Ina hypothetical economy, real GDP is $35 trillion, the capital stock is $100trillon, household savings is $5 trillion business savings is $4 trillion the net capital outfow is $2 trillion, and the budget deficit is S$1 trillion. National savings in this economy is O $8 trillion $8.5 trillion $9 trillion $75 trillion SO00O1. Country X has following data: C = 20 + 0.8Y4, I = 30, G = 40, Tx = 20, T, = 15, X = 60, M = 20 + 0.04Y, incoming year growth target is 600, All figures is billion. Please calculate: a. National income equilibrium! b. Consumption and saving equilibrium! c. Government income from tax! d. How much change in government consumption if they want to achieve growth target?
- 4. Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 tríllion. Assuming this econ- omy is closed, calculate consumption, government purchases, na- tional saving, and investment.1. Assume that the gross domestic product is $6,000, personal disposal income is $5,100, thegovernment deficit is $200, consumption is $3,800, and the trade deficit is $100. What is the sizeof:a. Private Savingb. Investmentc. Government Spendingd. National Savingse. Taxesf. Public savingsCalculate the value of savings when it's given that:- National income = $1000 million MPS = 0.25 Autonomous consumption expenditure = $200 million
- ANSWER ALL THE QUESTIONS..... PLEASE IT'S URGENT... In a given year, a country's GDP = $9,841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $7,863, and government purchases = $140. The country had private saving equal to A) $285. B) $3,850. C) $2,397. D) $2,112. Let’s continue with the information given in the previous question. The country had government saving equal to A) $285. B) $330. C) $453. D) $542. 3. Suppose that national saving is $1,456 billion, investment is $1,945 billion, and private saving is $1,590 billion. How much is the current account balance? A) $489 billion B) $221 billion C) -$221 billion D) -$489 billionHow did government purchases and real GDP co-move during and afterthe Great Recession?Laurasia has $ 100 billion in Public Savings and $ 600 billion in Private Savings. What is Laurasia's National Savings? $ billion
- What is national saving? What is privet saving ?what is public saving? How are these three variables related?What is general government final consumption reflecting in terms of GDP of a country? What it indicates when the value is high or low?The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output. Potential GDP $14 000 Government purchases $2100 Investment $300 Consumption $10 000 Net tax revenues $2000 Refering to the table above, what is th eprivate saving for this economy?