how much is the current primary deficit?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
100%

The following table describes government spending and revenue. Based on the following table, how much is the current primary deficit?

Cukai Hasil
Tax Revenues
= 2200 + 0.1GDP
Pindahan
Transfers
=1500 – 0.05GDP
Pembelian Kerajaan
Government Purchases
=3000
Pelaburan Kerajaan
Government Investment
=200
Bayaran faedah
Interest payments
=200
GDP guna tenaga penuh =14,000
Full employment GDP
GDP sebenar
=15,000
Actual GDP
Transcribed Image Text:Cukai Hasil Tax Revenues = 2200 + 0.1GDP Pindahan Transfers =1500 – 0.05GDP Pembelian Kerajaan Government Purchases =3000 Pelaburan Kerajaan Government Investment =200 Bayaran faedah Interest payments =200 GDP guna tenaga penuh =14,000 Full employment GDP GDP sebenar =15,000 Actual GDP
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Economic Policy
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.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education