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57. Suppose that in a closed economy GDP is $10,000, consumption is $6,500, and taxes are $2,000. What value of government expenditures would make national
57. Suppose that in a closed economy GDP is $10,000, consumption is $6,500, and taxes are $2,000. What value of government expenditures would make national saving equal $1,500? (A) $3,000. (B) $7,000. (0) $9,000. (D) $2,000. 58. In 2019 in the United Kingdom, the adult population was about 65 million, the labour force participation rate was 60 percent, and the unemployment rate was 6 percent. What was the approximate number of people unemployed? (A) 6.5 million (B) 1.7 million (C) 2.3 million (D) 0.7 million 59. What would be the likely effect of a consumption tax on shortrun GDP, assuming SRAS is not vertical? (A) None. (B) GDP would increase. (C) GDP would decrease. (D) The effect is ambiguous. 60. You purchase a $1,000 facevalue bond for $800. The coupon is $100 per year, and ination is 4 percent per year. What is the real coupon rate on the bond? (A) 6 percent. (B) 8.5 percent. (C) 10 percent. (D) 12.5 percent
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