A country has private saving of $500 billion, public saving of -$100 billion, domestic investment of $150 billion, and net capital outflow of $250 billion. What is its supply of loanable funds?
a. $650 billion
b. $600 billion
c. $400 billion
d. $350 billion
c
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Suppose Chris is a potter who makes mugs. His total costs depend on the number of mugs he makes each day, as shown in the table below.Number ofMugs Per DayTotal CostPer Day0$101$142$193$254$325$406$49If the market for mugs is perfectly competitive, and mugs sell for $7.50 each, then at his profit-maximizing level of output, Chris will earn a ________ of ________ per day.
A. loss; $10 B. profit; $30 C. loss; $2 D. profit; $2
Countries with higher than average unemployment rates have ________ compared to the United States
A) less regulated labor markets B) lower levels of technology C) higher levels of technology D) more generous unemployment benefits and more regulated labor markets E) a higher labor force participation rate
Along a bowed-out production possibilities frontier, as more of one good is produced,
a. the opportunity cost of producing that good remains constant b. the opportunity cost of producing that good decreases c. efficiency decreases d. the opportunity cost of producing both goods must remain constant e. technology remains constant
As a possible approach to eliminating the government budget deficit, increasing taxes for everyone would
A. mean only a small increase in taxes. B. lead to a large increase in taxes for every worker. C. transfer more goods and services to the government sector. D. lead to an inflationary gap.