Suppose an economy has a government budget surplus of $100, net exports of -$400, and a planned investment level of $1,000 . For this economy to be in equilibrium, saving must equal:
a. $700.
b. $500.
c. $750.
d. $250.
e. $300.
a
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The above figure represents the average total cost curves of a wheat farmer
a. Which average total cost curve has the lowest average total cost of producing 30,000 bushels of wheat? b. Over what range of output is the farmer experiencing economies of scale? c. Over what range of output is the farmer experiencing diseconomies of scale? d. Which average total cost curve has the lowest possible average cost of production? e. Which average total cost curve represents the largest plant?
What is interest rate parity and what happens when this condition doesn't hold?
What will be an ideal response?
If consumers spend more money on coffee than on sugar, then the demand for a pound of coffee is probably _________________ than is the demand for a pound sugar of because ________________.
A. less price elastic; coffee requires a larger portion of consumers' incomes. B. more price elastic; coffee requires a larger portion of consumers' incomes. C. less price elastic; people will take a longer time to adjust to the change in its price. D. more price elastic; people will take a longer time to adjust to the change in its price
Which of the following would be counted as part of M1?
a. Money market deposit accounts b. Saving deposits c. Mutual funds d. Traveler's checks e. Time deposits