Question
Suppose GDP in this country is $1,680 million. Enter the amount for investment. National Income Account Value (Millions of dollars) Government Purchases (GG) 350 Taxes
Suppose GDP in this country is $1,680 million. Enter the amount for investment.
National Income Account | Value |
---|---|
(Millions of dollars) | |
Government Purchases (GG) | 350 |
Taxes minus Transfer Payments (TT) | 420 |
Consumption (CC) | 875 |
Investment (II) | 455 |
Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table.
NationalSaving(S)NationalSaving(S) | == A | |
== B | ||
million ? |
A options are
Y-C-G
G-T
Y-C
Y-T-G
B Options are
C
Y
G
I
Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table.
PrivateSavingPrivateSaving | A == | |
million ? |
A options are
Y-C-T
Y-T-I
C-T
T-G
PublicSavingPublicSaving=A
million?
A options are
Y-C-T
Y-T-I
C-T
T-G
Based on your calculations, the government is running a budget .
OPTIONS ARE
SURPLUS
DEFICIT
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