D Question 2 4 pts A country finds itself in the following situation: the government budget surplus is 1% of its GDP; private savings is 20% of GDP; and physical investment is 18% of GDP. Based on the national saving and investment identity, what is this country's current account balance? Edit View Insert Format Tools Table 12pt * Paragraph * B J U A 2 Ty p 0 words > >D Question 5 14 pts The table below gives the data necessary to make a Keynesian cross diagram. Assume that the tax rate is 0.2 of national income, the MPC out of after-tax income is 0.9, investment is 210, government spending is 240, exports are 150, and imports are 0.2 of after-tax income. Aggregate expenditure for each level of national income National Income After-tax Income Consumption |+ G+ X Minus Imports Aggregate Expenditure $900 708 $1,200 $1,500 $1,800 $2,100 1. Complete the table by showing your work for at least one row of National Income. 2. What is the equilibrium level of national income for this economy, justify your answer! Note: this is a file upload question. Work your answer in an excel sheet and upload your file, or simply work your answer in a piece of paper, take a picture and upload your file. Upload Choose a FileD Question 7 3 pts The figure below shows the Keynesian, Neoclassical, and Intermediate Zones in the Aggregate Supply Curve. According to the figure, match the right with the left correctly: LRAS ADn SRAS ADi Pn ADk En Neoclassical zone Price Level Ei Pi Intermediate zone Pk - Ek Keynesian zone YK YI Yn Real GDP Keynesian, Intermediate, and Neoclassical zones text only Neoclassical zone [ Choose ] When AD crosses this zone, cyclical unemployment is high, and the only way to increase RGDP is if AS shifts to the left. Shifts in AD will only create When AD crosses this zone, equilibrium RGDP is far below than potential GDP, cyclical unemployment is high and there's no inflationary pressure. Keynesian zone When AD crosses this zone, cyclical unemployment is low, and the only way to increase RGDP is if AS shifts to the right. Shifts in AD will only create When AD crosses this zone, equilibrium RGDP is far below than potential GDP, cyclical unemployment is low and there's inflationary pressure. When AD crosses this zone, unemployment and inflation move in opposite directions. Intermediate zone [ Choose ]D Question 8 8 pts According to what you learned in Chapter 10, The International Trade and Capital Flows, complete the sentence correctly: goods or services The merchandise trade balance measures only imports and exports of [ Select ] * . The current account Services or charities investments or taxes balance includes trade in goods, [ Select ] , payments on foreign [ Select ] , and unilateral transfers. received or paid Income payments refers to money that U.S. financial investors [ Select ] * on their foreign investments (money foreign or domestic flowing into the United States) and payments to [ Select ] * investors who had invested their funds here (money flowing out of the United States). Unilateral transfers are made by government, private charities, or individuals in which money is sent abroadlector domesticallywithout any direct good or service being received. The current account balance treats these Unilateral payments like I seleqports or * , because they also involve a stream of payments leaving the country. For exports the U.S. economy, unilateral transfers are almost always [ Select ] negative or positive