The table contains information about the nation of Syldavia. There are no income taxes or imports in this nation.Consumptionexpenditure, C(billions of2012 dollars)GovernmentReal GDP, Y(billions of2012 dollars)Investment, /(billions of2012 dollars)expenditure, G(billions of2012 dollars)156.2010251430183522The equilibrium expenditure isO A. $20 billion.O B. $30 billion.O C. $15 billion.O D. $10 billion.O E. $25 billion.

Y = C+I+G In an closed economy the above formula can be used Y= National income or GDP C=…

The table contains information about the nation of Syldavia. There are no income taxes or imports in this nation. Consumption expenditure, C (billions of 2012 dollars) Government Real GDP, Y (billions of 2012 dollars) Investment, I (billions of 2012 dollars) expenditure, G (billions of 2012 dollars) 15 6. 20 10 25 14 30 18 35 22 The equilibrium expenditure is O A. $20 billion. O B. $30 billion. O C. $15 billion. O D. $10 billion. E. $25 billion. 5555 5 5555 5

The table contains information about the nation of Syldavia. There are no income taxes or imports in this nation. Consumption expenditure, C (billions of 2012 dollars) Government Real GDP, Y (billions of 2012 dollars) Investment, I (billions of 2012 dollars) expenditure, G (billions of 2012 dollars) 15 6. 20 10 25 14 30 18 35 22 The equilibrium expenditure is O A. $20 billion. O B. $30 billion. O C. $15 billion. O D. $10 billion. E. $25 billion. 5555 5 5555 5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Refer to the information provided in Table Depreciation Receipts of factor income from the rest of the world Government purchases Table Imports Payments of factor income to the rest of the world Net private domestic investment Personal income taxes Personal consumption expenditures Dividends Exports Amount of national income not going to households Select one: O O O Refer to Table The value for national income in billions of dollars is a. 940. b. 970. c. 890. d. 910 $Billions 40 30 100 50 50 200 120 600 20 60 20
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14. Gross Domestic Product equals $1.2 trillion. If consumption equals $660 billion, investment equals $220 billion, and government spending equals $250 billion, then: O imports exceed exports by $140 billion. O exports exceed imports by $70 billion. O exports exceed imports by $140 billion. O imports exceed exports by $70 billion.
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