Answer plzz... Use the table below to answer the following question.Table 23.2.1ItemConsumption expenditureGovernment expenditure on goodsand servicesNet taxesInvestmentImportsExportsRefer to Table 23.2.1. Government saving isSelect one:O a. $15 million.Millions of dollars80O b.$5 million.O c.$45 million.O d. $20 million.O e. -$5 million.3035201020

Item Millions of Dollar Consumption Expenditure 80 Government expenditure on goods and services…

Answered: Government expenditure and services Net…

Business

Economics

Government expenditure and services Net taxes on goods 8 30 35

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 1.6P

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Table 1 adi All Numbers are in $ Billion Net Taxes 100 Output Consumption Spending 400 700 1,000 1,300 1,600 (Income) 400 800 1,200 Investment Government Spending Spending 200 en 100 100 200 100 100 200 100 aretle 1,600 2,000 100 200 100 100 200 100 Refer to Table 1. The equilibrium level of output is billion. Lütfen birini seçin: O A. 800 O B. $2,000 O C. $400 O D. $1,600 O E. $1.200
13. Which fiscal policy would make a budget surplus larger or a budget deficit smaller? O lower taxes O increase in government purchases of goods and services O lower government transfers O higher interest rates
Suppose the federal government gives taxpayers a tax cut financed by borrowing. If taxpayers their debts, total spending will: O decrease. O first increase and then decrease. O increase. O remain unchanged.
Suppose a given hypothetical economy has the following values. GDP-520 Billion, Consumption =$13 Billion; Govermment Purchase-$4 Billion; and Budget Surplus = $1 Billion How much is the public saving? OA S5 Bilion OB $4 Blion OC.52 Billion OD-$1 Billion OE S1 Billion OF $3 Billion
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6. Does government borrowing crowd out private spending? Suppose a hypothetical economy is operating at an output level that is well below full employment. In an attempt to increase aggregate demand, the government borrows money in order to increase spending. According to Keynesian economists, how are each of the following items affected by the increase in government spending and borrowing? Increases Decreases Consumer and Business Optimism O O Consumption O Business Investment O
The crowding-out effect is the tendency for a government budget deficit to raise the and investment. O A. price level; increase O B. real interest rate; decrease O C. quantity of output; increase O D. real wage rate; decrease Click to select your answer. 888 :二。 F7 F6
Figure 8-23. The figure represents the relationship between the size of a tax and the tax revenue raised by that tax. 6 on4m21 3 Tax Revenue B Tax Size Refer to Figure 8-23. If the economy is at point A on the curve, then a small increase in the tax rate will O increase the deadweight loss of the tax and increase tax revenue. O increase the deadweight loss of the tax and decrease tax revenue. decrease the deadweight loss of the tax and increase tax revenue. O decrease the deadweight loss of the tax and decrease tax revenue.
9. Why do Social Security and Medicare pose problems for the federal government budget? The number of workers who can pay for the retirees is increasing. O Payroll taxes are capped and cannot be raised. O The number of retirees is decreasing. The number of sick people is rising too quickly. O Life expectancy of retirees is increasing. 10. Why do Social Security and Medicare pose problems for the federal government budget? The number of people retiring is increasing. The number of workers who can pay for these retirees is increasing. Life expectancy is decreasing. The number of sick people is rising too quickly. Social insurance taxes cannot legally be raised any further.
GDP $0 1 2 Consumption $0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 D 8 4.5 As shown in Exhibit 9-1, if equilibrium GDP is $5 trillion, then the total of investment, government spending, and net exports is: 8 4.5 As shown in Exhibit 9-1, if equilibrium GDP is $5 trillion, then the total of investme O $1 trillion. $2 trillion. O $3 trillion. O $4 trillion. $6 trillion. 4 Aggregate Expenditures 6 Unplanned inventory
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