E4 11.In the long run, if an economy's consumption spending is $5 trillion, its planned investmentis $2 trillion, government spending is $1 trillion, net tax revenue is $1 trillion, andhousehold savings are $2 trillion, total output should bea. O$7 trillionb. O$8 trillionc. O$11 trilliond. O$3 trillione. O$5 trillion12.The government budget deficit isa. Ois created by government injectionsb. Othe difference between government purchases and government revenues from bonds and taxesc. Ocaused by leakages in the economyd. Ocreated when the government expenditures exceed net taxese. Ocaused by a lack of business sector investment i13.What is the price of funds in the loanable funds market?a. OThe GDP price indexb. OThe interest ratec. OThe Consumer Price Index.d. OThe profit ratee. OThe real wage rate14.In the classical model, investment spending isa. Onegatively related to the interest rateb. Opositively related to the interest rate.c. Opositively related to the level of incomed. Ounrelated to the interest rate:e. Onegatively related to the price level

Budget deficit is the difference between income and expenditure of government.

the long run, if an economy's consumption spending is $5 trillion, its planned investment = $2 trillion, government spending is $1 trillion, net tax revenue is $1 trillion, and ousehold savings are $2 trillion, total output should be a. O$7 trillion b. O$8 trillion c. O$11 trillion d. O$3 trillion e. O$5 trillion

the long run, if an economy's consumption spending is $5 trillion, its planned investment = $2 trillion, government spending is $1 trillion, net tax revenue is $1 trillion, and ousehold savings are $2 trillion, total output should be a. O$7 trillion b. O$8 trillion c. O$11 trillion d. O$3 trillion e. O$5 trillion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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