Suppose that in China, investment is ¥190 billion, saving is ¥170 billion, government expenditure on goods and services is ¥195 billion, exports are ¥230 billion, and imports are ¥270 billion (¥ is yuan, the currency of China). The government received¥__________billion in tax revenues. The government has a budget__________equal to ¥_____________billion which is exerting a(n)______________influance on investment by__________________ the demand for loanable funds, which___________the real interest rate and ____________investment.
Suppose that in China, investment is ¥190 billion, saving is ¥170 billion, government expenditure on goods and services is ¥195 billion, exports are ¥230 billion, and imports are ¥270 billion (¥ is yuan, the currency of China). The government received¥__________billion in tax revenues. The government has a budget__________equal to ¥_____________billion which is exerting a(n)______________influance on investment by__________________ the demand for loanable funds, which___________the real interest rate and ____________investment.
Chapter9: The Keynesian Model In Action
Section: Chapter Questions
Problem 3SQ
Related questions
Question
Ma4.
Please give only typed answer.
Use the information below to answer the following questions.
Suppose that in China, investment is ¥190 billion, saving is ¥170 billion, government expenditure on goods and services is ¥195 billion,
exports are ¥230 billion, and imports are ¥270 billion (¥ is yuan, the currency of China).
The government received¥__________billion in tax revenues.
The government has a budget__________equal to ¥_____________billion which is exerting a(n)______________influance on investment by__________________
the demand for loanable funds, which___________the real interest rate and ____________investment.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning