Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Suppose GDP is $22 trillion, government spending is $6 trillion, public saving is $1 trillion, and private saving is $3 trillion. Assuming this economy is closed, calculate consumption, taxes, national saving, and investment. Please Explain equations used/ your answers.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91921067

Have any Question?


Related Questions in Business Economics

Practical exercise 1assume the demand for teachers ld in a

Practical Exercise 1: Assume the demand for teachers (Ld) in a school is given by the following equation: W = 1700 - 2L D  and the supply of teachers (L S ) depends on whether the school is a public school or private sch ...

Discuss the budgeting process and describe the success or

Discuss the budgeting process and describe the success or failure of the process.

Sally purchases hardwood lumber for a custom

Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates tha ...

Every day your friend commutes to school on the subway at 9

Every day your friend commutes to school on the subway at 9 AM. If the subway is on time, she will stop for a $3 coffee on the way to class. If the subway is delayed she skips the coffee and goes straight to class. The p ...

In an inquiry into the nature and causes of the wealth of

In an inquiry into the nature and causes of the wealth of nations, Adam Smith listed three reasons for productivity to increase with specialization. What are these three reasons?

1 explain the different elements of property rights provide

1. Explain the different elements of property rights. Provide an example of how the US economy infringes on each. 2. Explain why inequality is considered to be a social "bad" by many people. In what way could inequality ...

Now assume that a country a takes 100 hours to produce 20

Now assume that a country A takes 100 hours to produce 20 aircraft or 10 jet engines and country B takes 100 hour to produce 15 aircraft or 5 jet engines. Which country has an absolute advantage in which product? Does ei ...

Discuss three specific advantages and disadvantages

Discuss three specific advantages and disadvantages regarding the division of labor?

C 4005timesy - tg215 billion ip50 billion and t10

C = 40+0.5×(Y - T) G=$215 billion, IP=$50 billion and T=$10 billion. Y=C+IP+G What is the equilibrium income level? Suppose that government purchases are reduced by $100 billion. What is the new equilibrium level of inco ...

Why are many business and data series only presented in

Why are many business and data series only presented in seasonally adjusted data?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As