= Menu ) Y Assignment #3(2024)pdf X | + Create @ Alltools Edit Convert E-Sign Find text or tools Q B & = & & R sign in - X Chapter 8 B u 3. (Similar to Basic Problem 1 and with reference to Table 8.4 on page 352) The Q @ table shows the balance sheet of the Bruins Bank. By how much is the Bruins b Bank over- or under-reserved. if the target reserve ratio is: (All answers to zero = decimal places.) 2. @ o a) 2 percent? (over or under) 4 b) 5 percent? (over or under) c) 8 percent? (over or under) d) 12 percent? (over or under) (Value - 1 mark each (over/under) two marks each rest of answer total 12 marks) 4. (Similar to Basic Problem 2 on Page 352) What is the value of the money multiplier if the target reserve ratios of all banks in the banking system are as follows: (provide answers to one decimal place) a) 2 percent? b) 5 percent? c) & percent? d) 12 percent? 2 (Value - 2 marks each total 8 marks) 2 5. (Similar to Basic Problem 2 Problems for Further Study on page 356) In which ~ of the following circumstances has the money supply changed? " a) Norm deposits $3000 at his bank. (Yes or No) c b) Norm withdraws $1500 from his bank. (Yes or No) ) Nomm lends Lenny $5000 (Yes or No) [, d) The bank lends Norm $10000. (Yes or No) Q (Value - 2 marks each total 8 marks) Q 9:16 AM a Q search S T PR RT Mostly sunny = Menu ) Yy Assignment #3(2024)pdf X |+ Create @ sign in X Alltools Edit Convert E-Sign Find text or tools Q B & = & & R = n Chapter 7 _ ] W @ 1. (Similar to Basic Problem 1-3 and with reference to Table 7.8 on page 318) Use b the data provided to help you answer the following questions. It shows the = 2 revenue and spending of the Canadian federal government for a chosen fiscal ' vear. For simplicity. assume that all of the spending grants to other levels of 0 e government were spent in Canada on goods and services. (Corrections to table 7.8 4 Total Qutlays 211.0. thus Projected Budget Plan Surplus 11.2) (All answers to one decimal place.) a) What are the projected NTR s in this budget plan? b) Whatis the value of NTR less government spending on goods and services (G)? c) What percentage of total revenue are personal income taxes? d) What percentage of total revenue are corporate income taxes? e) What percentage of total outlays are transfer payments to persons? f) What percentage of total outlays are public debt charges? (Value - 2 marks each total 12 marks) 2. (Similar to Question 2 on page 318) Government spending in Tobasco is $140 billion. and its only tax is an income tax with a marginal tax rate of 0.35. (All 2 answers to zero decimal places.) a) What is the balance on the government's budget at a GDP level of $360 - billion? (deficit or surplus) b) What is the balance on the government's budget at a GDP level of $500 c billion? (deficit or surplus) c) At what level of GDP will the economy of Tobasco have a balanced budget? [, (Value - 2 marks each total 10 marks) & Q = Menu ) Y Assignment #3(2024)pdf X | + Create Sign in = X @ Alltools Edit Convert E-Sign Find text or tools Q B & = & & R E;'J n | 4 = Q 2 ECN 1020 - MACROECONOMICS Assignment #3 0 e 4 Input your answers to the following questions into Assignment #3 Questions/Quiz (Chapters 7 & 8) on the Moodle site. Note that there is a 1 hour time limit and that you are allowed only one attempt. DETERMINE THE ANSWERS TO THE QUESTIONS before you attempt the Moodle quiz. Enter your information VERY carefully, following the examples provided. Chapter 7 1. (Similar to Basic Problem 1-3 and with reference to Table 7.8 on page 318) Use the data provided to help you answer the following questions. It shows the revenue and spending of the Canadian federal government for a chosen fiscal year. For simplicity. assume that all of the spending grants to other levels of government were spent in Canada on goods and services. (Corrections to table 7.8 Total Outlays 211.0. thus Projected Budget Plan Surplus 11.2) (All answers to 2 one decimal place.) a) What are the projected NTR's in this budget plan? - b) What is the value of NTR less government spending on goods and services (G)? G ) What percentage of total revenue are personal income taxes? d) What percentage of total revenue are corporate income taxes? [, ) What percentage of total outlays are transfer payments to persons? f) What percentage of total outlays are public debt charges? & Q alpe Tre o al 17 LSy