Question 1 0 l 1 Pts Suppose that in a closed economy GDP is equal to 14,000, Taxes are equal to 4,000, Consumption equals 7,000, and Government expenditures equal 5,000. How much is private saving? How much is public saving? How much is national saving? 3,000; 1,000; 2,000. 7,000; 1,000; 8,000. 7,000; 1,000; 6,000. 3,000; 1,000; 2,000. Question 3 0 l 1 pts Suppose the government raises the tax on corporate investment. What would happen in the market for loanable funds? @ The supply of loanable funds curve will shift to the right and interest rates will rise. The demand for loanable funds curve will shift to the left and interest rates will fall. The demand for loanable funds curve will shift to the right and interest rates will rise. The supply of loanable funds curve will shift to the left and interest rates will rise. Question 4 0 / 1 pts Suppose that a Big Mac costs 6.6 NZ dollar in Auckland, New Zealand (NZ) and 4.5 euro in Paris, France. If the nominal exchange rate is 1.8 NZ dollar per euro, O a Big Mac is cheaper in Paris than in Auckland. O Mcdonald's New Zealand should import Big Macs from Paris. O the NZ dollar is overvalued. O a Big Mac is cheaper in Auckland than in Paris.Question 5 0 / 1 pts If the exchange rate changes from 80 Japanese Yen to 70 Japanese Yen per NZ dollar, the NZ dollar has O appreciated and New Zealand buys more goods from Japan. O depreciated and New Zealand sells more goods to Japan. O appreciated and New Zealand sells more goods to Japan. O depreciated and New Zealand buys more goods from Japan.Suppose the iphone 12 costs HK$6,000 per unit in Hong Kong and NZ$1,500 per unit in Auckland. The current exchange rate is 5.5 Hong Kong dollar per NZ dollar. For the sake of convenience, we assume that taxes and transportation costs between Hong Kong and New Zealand amount to NZ$100 per unit of the iphone 12. Which of the following statements is correct? O There is an arbitrage (profit-making) opportunity here where you buy an iphone 12 in Hong Kong for HK$6,000, sell it in Auckland for NZ$1,500 and make a profit of NZ$309.09. O There are no arbitrage (profit-making) opportunities here since the real exchange rate of the iphone 12 is the same in both Hong Kong and New Zealand. O There is an arbitrage (profit-making) opportunity here where you buy an iphone 12 in Hong Kong for HK$6,000, sell it in Auckland for NZ$1,500 and make a profit of NZ$409.09. O There is an arbitrage (profit-making) opportunity here where you buy an iphone 12 in Auckland for NZ$1,500, sell it in Hong Kong for HK$ 6,000 and make a profit of HK$2800.Question 7 0 l 1 PtS If the US dollar appreciates in value vis-a-vis the NZ dollar, then: Tourists from NZ in the US are better off since their NZ dollars do not buy as much in the US as they used to. Exporters of goods from NZ to the US are worse off since NZ goods are now relatively more expensive. NZ importers of US goods are better off since US goods are now relatively cheaper. The US students who come to Auckland for an exchange semester are better off. Question 9 0 l 1 Pts All other things being equal, higher foreign real interest rates net foreign investment (net capital outflow) and lead to aln) of the domestic currency. decrease; depreciation decrease; appreciation increase; appreciation increase; depreciation