Mathematics, 01.12.2021 02:20 donaldwilliams31
For a closed economy, GDP is $13 trillion, consumption is $9 trillion, taxes are $4 trillion and the government runs a surplus of $1 trillion. What is national saving?
a.$1 trillion
b.$5 trillion
c.$2 trillion
d.$3 trillion
In the economy of Russia in 2020, consumption was $3500, exports were $200, GDP was $7200, government purchases were $2500, and investment was $2,000. What were Russia’s imports in 2020?
a.$14,400
b.$800
c.$8200
d.$1,000
Suppose that in a closed economy GDP is equal to 10,000, taxes are equal to 3,500 consumption equals 6,000 and government purchases equal 2,000. What are private saving, public saving, and national saving?
a.2,500, 1,000, and 1,500, respectively
b.2,000, 2,000, and 1,500, respectively
c.2,000, 500, and 1,500, respectively
Answers: 1
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For a closed economy, GDP is $13 trillion, consumption is $9 trillion, taxes are $4 trillion and the...
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