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Complete the table and answer the following questions. Keynesian Worksheet Complete the table and answer the followmg questions. All values in Billions of U .S.
Complete the table and answer the following questions.
Keynesian Worksheet Complete the table and answer the followmg questions. All values in Billions of U .S. dollars 1000 2000 3000 6000 Questions: I. Suppose the level of GDP happens to be 1000, what is the amount of : Tax? D Isposable income? 3 _ Consumption? Household saving? _ Investment? 6 _ Government spending? Expo Impo g _ Net exports? A. 20 A. 800 A. 640 A. 200 A. goo A. -SOO A. 100 A. 100 A. 3600 A. 1040 B. 100 B. 640 B. SOO B. -240 B. SOO B. 200 B. 200 B. 200 B. 6400 B. -1000 c 200 c. 100 c 1000 c. 400 c. -200 c. 700 c. 1000 c. 1000 c joo c. 1040 c. - 1840 D. 1000 D. 1000 400 _400 400 400 12 II. 13 14 15 16 17 What is the equilibrium level of GDP in the economy represented by the table? A. 1000 B. 3000 c sooo D 4000 At the equilibrium level of GDP what is: The sum of leakages? The sum of injections? What is the level oflu? The state of the economy? B. 1900 B. 1000 B. 1000 c -2840 c. 400 D. 2840 D. 2840 A 1900 A -2840 A. Full employment The status of the government budget? A Surplus The status of international trade A Surplus B _ Unemployment C. Inflationary D _ Can 't tell B. deficit C. Balanced B. deficit C. Balanced III. 20 Accorcling to the assumptions of the table, as GDP increases, what happens to: Government tax revenue? G ov emment expenditures ? A Increases B. Decreases C _ Unchanged A Increases B. Decreases C. Unchanged
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