FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer Assume that personal disposable income is $1500, taxes are 300, transfer payments are O, investment is 120, the trade surplus is $30, and

image text in transcribed

Please answer

image text in transcribed
Assume that personal disposable income is $1500, taxes are 300, transfer payments are O, investment is 120, the trade surplus is $30, and consumption is $1200. a. What is GDP? b. How large is saving S? c. How large is government spending? d. What is the budget deficit G+TR-T

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Microeconomics and Its Application

Intermediate Microeconomics and Its Application

Authors: walter nicholson, christopher snyder

11th edition

9781111784300, 324599102, 1111784302, 978-0324599107

Students also viewed these Economics questions

Question

★★★★★
The fuel consumptions of a 3000-TEU ship that travels from Singapore to Jakarta, Indonesia, are shown in Table 58 for various speeds. Let y be fuel consumed (in tons per day) by a ship that travels...

Answered: 1 week ago

Question

★★★★★
It is estimated that each electron pair donated by NADH leads to the synthesis of approximately three ATP molecules, whereas each electron pair donated by FADH 2 leads to the synthesis of...

Answered: 1 week ago

Question

★★★★★
For any events A and B in a sample space, we have (A B) = AB.

Answered: 1 week ago

Question

★★★★★
The following section is taken from Koster Corp.s balance sheet at December 31, 2011. Current liabilities Interest payable.. $ 72,000 Long-term liabilities Bonds payable, 9%, due January 1,...

Answered: 1 week ago

Question

★★★★★
1) ABC Company purchases merchandise FOB destination point. While in transit it should be included in the a) seller's or the b) buyer's inventory? Answer here: 2) Inventory transactions for January:...

Answered: 1 week ago

Question

★★★★★
Which of the following changes would increase return on investment (ROI)?a. Decrease sales and expenses by the same percentage.b. Increase total assets.c. Increase sales and expenses by the same...

Answered: 1 week ago

Question

★★★★★
You are required to design a shell and tube heat exchanger having a rectangular cross section as shown in figure 1 below. The heat exchanger uses water as the cooling fluid to reduce the temperature...

Answered: 1 week ago

Question

★★★★★
The Bakeoff Case Read "The Bakeoff" case and post approximately 1 page of text (about 4 paragraphs) answering the following questions SOLELY based on the case. Do not use other references. What were...

Answered: 1 week ago

Question

★★★★★
1. Determine the magnitude and direction of the force that must be applied to the bottom of the gate shown below to keep the gate closed. 3.4 m Water 1.5 m wide gate Hinge T 0.75 m

Answered: 1 week ago

Question

★★★★★
Lynda is a manager of an investment center. Her division has been performing below expectations recently because one of its larger projects has not been as successful as anticipated. Given the poor...

Answered: 1 week ago

Question

★★★★★
Question 2 Determine the first two critical speeds for the shaft shown in figure 1 below. Young's modulus for steel should be taken as 200GN/m2. Show all the calculations and state all your...

Answered: 1 week ago

Question

★★★★★
Q Search this course Homework (Ch 02) O X 4. Shifts in production possibilities Suppose the United Kingdom produces two types of goods: agricultural and capital. The following diagram shows its...

Answered: 1 week ago

Previous Question Next Question