EBK MACROECONOMICS
10th Edition
ISBN: 9780134896571
Author: CROUSHORE
Publisher: VST
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Question
Chapter 2, Problem 5NP
(a)
To determine
To calculate: the consumption level in the economy from the given information.
(b)
To determine
To calculate: the net exports in the economy from the given information.
(c)
To determine
To calculate: the Gross Domestic Product in the economy with the use of given data.
(d)
To determine
To calculate: the net factor payments from other countries with the use of given data.
(e)
To determine
To calculate the Private savings with the use of given data.
(f)
To determine
To calculate the Government saving with the use of given data.
(g)
To determine
To calculate: National saving with the use of given data.
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You are given the following information about an economy:
Gross private domestic investment = 40
Government purchases of goods and services = 30
Gross national product (GNP) = 200
Current account balance = -20
Taxes = 60
Government transfer payments to the domestic private sector = 25
Interest payments from the government to the domesticprivate sector = 15 (Assume all interest payments by the government go to domestic households.)
Factor income received from rest of world = 7
Factor payments made to rest of world = 9
Find the following, assuming that government investment is zero:
a. Consumption, Net exports,GDP and Net factor payments from abroad
b. Private saving, Government saving and National saving
You are given the following information about an economy:
Gross private domestic investment = 35
Government purchases of goods and services = 30
Gross national product (GNP) = 250
Current account balance = 10
Taxes = 40
Government transfer payments to the domestic private sector = 30
Interest payments from the government to the domestic private sector = 20
(Assume all interest payments by the government go to domestic households.)
Factor income received from rest of world = 7
Factor payments made to rest of world = 8
Find the following, assuming that government investment is zero.
Net factor payments from abroad = -1. (Enter your answer as a whole number.)
GDP = 251. (Enter your answer as a whole number.)
Net exports =
(Enter your answer as a whole number.)
Consumption =
. (Enter your answer as a whole number.)
Private saving =
(Enter your answer as a whole number.)
Government saving =
(Enter your answer as a whole number.)
National saving =
(Enter your answer as a whole number.)
How do you calculate balance?
Chapter 2 Solutions
EBK MACROECONOMICS
Ch. 2 - Prob. 1RQCh. 2 - Prob. 2RQCh. 2 - Prob. 3RQCh. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - Prob. 7RQCh. 2 - Prob. 8RQCh. 2 - Prob. 9RQCh. 2 - Prob. 10RQ
Ch. 2 - Prob. 1NPCh. 2 - Prob. 2NPCh. 2 - Prob. 3NPCh. 2 - Prob. 4NPCh. 2 - Prob. 5NPCh. 2 - Prob. 6NPCh. 2 - Prob. 7NPCh. 2 - Prob. 8NPCh. 2 - Prob. 9NPCh. 2 - Prob. 1APCh. 2 - Prob. 2APCh. 2 - Prob. 3APCh. 2 - Prob. 1WWMDCh. 2 - Prob. 2WWMDCh. 2 - Prob. 3WWMDCh. 2 - Prob. 4WWMDCh. 2 - Prob. 5WWMDCh. 2 - Prob. 6WWMD
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