Please assist with the attached МаcroeconomicsInstructions: Complete the following questions.1. Which of the following national economic accounting identities is correct for nationalaccounts that include a private sector, a government sector and a foreign sector?a) (S-I) + (T-G) + (X-Z) = 0b) (S-I) + (X-Z) = (T-G)c) (S-I) + (T-G) = (X-Z)d) (S-I) = (T-G) + (X-Z)2. Which of the following is NOT a leakage from the circular flow of income and expenditurea) Importsb) Government purchasesc) Taxes net of government transfersd) Saving3. Reason for the Circular flow of Income isa) Government Interventionb) Production of goods and servicesc) Mutual interdependence of producer and household sectord) invention of money4. Factor services rendered by the households to the firms lead toa) Real Flowb) Money Flowc) Service Flowd) both Real and Money Flo5. In the simple circular flow modela) households receive income in the product marketb) businesses are buyers of final productsc) households demand final product in the resource marketd) none of the above

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Macroeconomics Instructions: Complete the following questions. 1. Which of the following national economic accounting identities is correct for national accounts that include a private sector, a government sector and a foreign sector? a) (S-I) + (T-G) + (X-Z) = 0 b) (S-I) + (X-Z) = (T-G) c) (S-I) + (T-G) = (X-Z) d) (S-I) = (T-G) + (X-Z)

Macroeconomics Instructions: Complete the following questions. 1. Which of the following national economic accounting identities is correct for national accounts that include a private sector, a government sector and a foreign sector? a) (S-I) + (T-G) + (X-Z) = 0 b) (S-I) + (X-Z) = (T-G) c) (S-I) + (T-G) = (X-Z) d) (S-I) = (T-G) + (X-Z)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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