Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 06, 2024

Suppose that in a closed economy GDP is 10,000, consumption is 6500, and taxes are 2000. What value of government expenditures would make national saving

Suppose that in a closed economy GDP is 10,000, consumption is 6500, and taxes are 2000. What value of government expenditures would make national saving equal 1000?
A. 2500
B. 3500
C. 7500
D. 9000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Understanding Globalization The Social Consequences Of Political, Economic, And Environmental Change

Authors: Robert K Schaeffer

4th Edition

0742561801, 9780742561809

More Books

Students also viewed these Economics questions

Question

★★★★★

Prepare journal entries to record the transactions for Matt Ing's sole proprietorship that follow. 1. Ing invests $5,000 in his business. 2. Ing closed his Income Summary account's credit balance of...

Answered: 1 week ago

Question

★★★★★

Project Management Methodology (Methodology)Group Assignment and Presentation. Professor to divide the class in groups and assign Methodologies from Exhibit 7.1. Groups will go outside of the...

Answered: 1 week ago

Question

★★★★★

=+d) What assumptions have you made to answer part c?

Answered: 1 week ago

Question

★★★★★

Briefly discuss the interrelated components that should exist within an internal control system. In your opinion, which component is the most important and why?

Answered: 1 week ago

Question

★★★★★

Vintage Fun reproduces old-fashioned style roller skates and skateboards. The annual production and sales of roller skates is 1000 units, while 1760 skateboards are produced and sold. The company has...

Answered: 1 week ago

Question

★★★★★

Indicate which of the following are necessary characteristics for an item to be considered a liability. A) The transfer of an asset or the obligation to provide a service is assured. B) The magnitude...

Answered: 1 week ago

Question

★★★★★

The script should run every 30 minutes using a cron job under user "bill" and work exactly as described in the man page accompanying this exercise. When a zombie is detected a log message is appended...

Answered: 1 week ago

Question

★★★★★

Which bias helps to explain why people like to go to all-inclusive resorts, where the entire cost of the vacation is paid upfront, and guests don't have to pay for individual meals, drinks,...

Answered: 1 week ago

Question

★★★★★

A local gym is looking in to purchasing more exercise equipment and runs a survey to find out the preference in exercise equipment amongst their members. They categorize the members based on how...

Answered: 1 week ago

Question

★★★★★

Interest on a credit card's unpaid balance is calculated using the average daily balance. Suppose that netBalance is the balance shown in the bill, payment is the payment made, d1 is the number of...

Answered: 1 week ago

Question

★★★★★

125. Suppose that people finally realize that they must save a larger proportion of their income in order to retire and that they simultaneously begin to use new technology that allows them to reduce...

Answered: 1 week ago

Question

★★★★★

Make arguments for the union and for the employer.

Answered: 1 week ago

Question

★★★★★

Since grievance procedures are found in most contracts, both managers and unions must want them. Explain why both managers and unions want grievance procedures.

Answered: 1 week ago

Question

★★★★★

What is progressive discipline? How does it work? Is its basic approach realistic in work situations? Explain your answer.

Answered: 1 week ago

Previous Question Next Question