QUESTION'13A decrease G would, if Y, C, and T remained the same,a.reduce private saving and public saving in a closed economy.b.increase private saving but not public saving in a closed economy.с.increase neither private nor public saving in a closed economy.d.increase public saving but not private saving in a closed economy.aO dQUESTION 14A decrease in the minimum wagecontributes to reduce unemployment if the minimum wage is currently above the equilibrium wage.contributes to reduce unemployment if the minimum wage is currently below the equilibrium wage.с.decreases the quantity of labor demanded but increases the quantity of labor supplied.d.increases both the quantity demanded and the quantity supplied of labor.O aO dwwwAab QUESTION 15Orlando is aTull-time graduate student. He is not working or looking for job. Then he is consideredunemployed and in the labor force.neither in the labor force nor unemployed.a.b.с.in the labor force but not unemployed.d.unemployed but not in the labor force.aO cO dQUESTION 16George is an unpaid stay-at-home father. He is not currently searching for a paid work. Mike is a part-time student and he is looking for a job.Who is included in the labor force?only Georgea.b.only Mikeс.both George and Miked.neither George nor MikeO abC

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A decrease h G would, if Y, C, and T remained the same, a. reduce private saving and public saving in a closed economy. b. increase private saving but not public saving in a closed economy. increase neither private nor public saving in a closed economy. с. d. increase public saving but not private saving in a closed economy. a b C d

A decrease h G would, if Y, C, and T remained the same, a. reduce private saving and public saving in a closed economy. b. increase private saving but not public saving in a closed economy. increase neither private nor public saving in a closed economy. с. d. increase public saving but not private saving in a closed economy. a b C d

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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country has domestic investment of $200 billion. Its citizens purchase $600 billion of foreign assets and foreign citizens purchase $300 billion of its assets. What is national saving? a. $500 billion b. $400 billion c. $800 billion d. $600 billtion
pls also do the graph
41. Assume that a country's per-worker production is y=1.5k3/4, where y is output per worker and k is capital per worker. Assume also that 10 percent of capital depreciates per year and there is no population growth or technological change. a. If the saving rate (s) is 0.15, what are capital per worker, production per worker, and consumption per worker in the steady state? b. Solve for steady-state capital per worker, production per worker, and consumption per worker with s-0.3. c. Solve for steady-state capital per worker, production per worker, and consumption per worker with s-0.45. d. Is it possible to save too much? Why?
4. Relative to a closed economy, it is easier in an open economy toa. pass the burden of government debt on to future generations.b. control interest rates.c. discourage private investment through government borrowing.d. confer monopoly power on key domestic industries.
4. Suppose gross saving in the United States is 20 percent of Gross National Product (GNP). a. If business saving is 15 percent of GNP and government saving is 4 percent of GNP, what percent of GNP is personal saving?b. Explain why a federal budget surplus increases national saving while a budget deficit decreases national saving.c. How can a federal budget deficit increase market equilibrium interest rates and reduce private investment and future economic growth?
Suppose a closed economy had public saving of -$1 trillion and private saving of $3 trillion. What are national saving and investment for this country? B $2 trillion, $2 trillion $2 trillion, $3 trillion C) $3 trillion, $3 trillion $4 trillion, $2 trillion
9. The People's Republic of China has an estimated $101.54 trillion of capital with a depreciation rate of 5.2% per year. If its GDP is $20.5 trillion and its saving rate is 45% would we expect China's GDP to be growing or shrinking? a. growing, I> dK b. growing, I dK d. shrinking, I < dK