Suppose that in a closed economy gdp is 10,000, consumption is 6500, and taxes are 2000 what

Fantastic news! We've Found the answer you've been seeking!

Question:

Suppose that in a closed economy gdp is 10,000, consumption is 6500, and taxes are 2000 what value of government expenditures would make national saving equal 1500.

Related Book For answer-question

Probability and Statistics

ISBN: 978-0321500465

4th edition

Authors: Morris H. DeGroot, Mark J. Schervish

See More Books

Posted Date: Dec 28, 2020 06:11 AM

See More Questions

Suppose that in a closed economy GDP is equal to 12,000, taxes are cqual to 1500, consumption is cqual to 6800, and government expenditures are equal to 3200. What is national saving? Select one: O...
Suppose that in a p-type semiconductor the ionized acceptor concentration at x = x1, is na = n1 < < nv and falls off exponentially to a value na - = n2 >> n1 at x = x2. What is the build-in electric...
Suppose that in a certain defined benefit pension plan (a) Employees work for 45 years earning wages that increase at a real rate of 2% (b) They retire with a pension equal to 70% of their final...
Prepare a statement of profit or loss and other comprehensive income( year ending 31 march 2023) , and a statement of financial position as at 31 march 2023 for the Batliss Plc Bayliss Plc is a...
How is a margin of safety provided for in working capital management?
The old rubber boot shown in Figure 12.26 has two leaks. To what maximum height can the water squirt from Leak 1? How does the velocity of water emerging from Leak 2 differ from that of leak 1?...
What are the three elements necessary for determining whether a statement is hearsay?
The client prepared the following worksheet listing all activities in the marketable securities account for the year under audit. For purposes of this question, you may assume that there are no...
It costs $ 7 9 , 0 0 0 to purchase and install a new machine that will let the company cut costs for 5 years. The machine will be depreciated linearly to zero over 1 0 years, and can be sold for $ 1...
You are given the following payoff table (in units of thousands of dollars) for a decision analysis problem: (a) Which alternative should be chosen under the maximin payoff criterion? (b) Which...
Find the common difference d for the arithmetic sequence. -4, -3, -2, -1, ... d=
State the issues and the court's conclusions in the BarChris case.
Describe a mask-programmed MOSFET ROM memory.
Identify three classifications of audit procedures and describe the purpose of each.
What are the principal differences between tracing and vouching?
Is the following statement true or false? Debit means decrease and credit means increase. Explain your answer.
(7%) Problem 9: There are lots of examples of ideal gases in the universe, and they exist in many different conditions. In this problem we will examine what the temperature of these various phenomena...
In a system with light damping (c < cc), the period of vibration is commonly defined as the time interval d = 2/d corresponding to two successive points where the displacement-time curve touches one...
For the data presented in Table 11.9, construct a confidence interval with confidence coefficient 0.99 for the height of the regression line at the point x = 0.42. Table 11.9 Data for Exercise 1...
Suppose that a box contains one blue card and four red cards, which are labeled A, B, C, and D. Suppose also that two of these five cards are selected at random, without replacement. a. If it is...
Suppose that X1, . . . , Xn form a random sample from a Cauchy distribution centered at an unknown point ( < < ). Is the M.L.E. of a minimal sufficient statistic?
The partnership of King. Queen, \&- Page has experienced operating losses for three consecutive years. The partners-who have shared profits and losses in the ratio of King, $15 \%$ : Queen, \(60...
ABACUS is a partnership owned by Allen, Bacon, and Cush, who share profits and losses in the ratio of $1: 3: 4$. The account balances of the partnership at June 30 follow. Requirements 1. Prepare...
On June 30, Allie Hayes and Mandy McKay formed a partnership. The women agree to invest equal amounts of capital. Hayes invests her proprietorship's assets and liabilities (credit balances in...

Suppose that in a closed economy gdp is 10,000, consumption is 6500, and taxes are 2000 what

Question:

Expert Answer:

GDPCETSaving C ... View the full answer

Probability and Statistics

Students also viewed these economics questions