Suppose the following information describes the economy:Consumption8,000Investment1,000Government purchases1,000Net exports0Government transfers and interest payments500Government tax collections1,700 Private saving equals ________; public saving equals ________; national saving equals ________.
A. 1,500; 700; 2,700
B. 1,000; 800; 1,000
C. 800; 200; 1,000
D. 800; 200; 600
Answer: C
You might also like to view...
If a certain automotive part can be purchased in Mexico for 60 pesos or in the United States for $6.25 and if the nominal exchange rate is 8 pesos per U.S. dollar, then the automotive part:
A. is less expensive in Mexico. B. costs the same in Mexico and the United States. C. is more expensive in the United States. D. is less expensive in the United States.
Assuming that money demand is completely interest insensitive, the
a. LM schedule will be horizontal. b. LM schedule will be vertical. c. IS schedule is vertical. d. IS schedule is horizontal.
In the following graph, the price of capital is $100 per unit; the price of labor is $25 per unit. When output is 30 units, what is TOTAL cost?
A. $10,000 B. $20,000 C. $2,000 D. $1,000 E. none of the above
Refer to the table below. An output level of 15 units, this firm's accounting profit is ________, and its economic profit is ________.QuantityTotal RevenueExplicit CostsImplicit Costs1050365157563620100937251251258301501619
A. $12; $6. B. $6; $63. C. $63; $6 D. $6; $12