Question: Complete the table and answer the following questions. Keynesian Worksheet Complete the table and answer the followmg questions. All values in Billions of U .S.

Complete the table and answer the following questions.
Keynesian Worksheet Complete the table and answer the followmg questions. All values

Keynesian Worksheet Complete the table and answer the followmg questions. All values in Billions of U .S. dollars 1000 2000 3000 6000 Questions: I. Suppose the level of GDP happens to be 1000, what is the amount of : Tax? D Isposable income? 3 _ Consumption? Household saving? _ Investment? 6 _ Government spending? Expo Impo g _ Net exports? A. 20 A. 800 A. 640 A. 200 A. goo A. -SOO A. 100 A. 100 A. 3600 A. 1040 B. 100 B. 640 B. SOO B. -240 B. SOO B. 200 B. 200 B. 200 B. 6400 B. -1000 c 200 c. 100 c 1000 c. 400 c. -200 c. 700 c. 1000 c. 1000 c joo c. 1040 c. - 1840 D. 1000 D. 1000 400 _400 400 400 12 II. 13 14 15 16 17 What is the equilibrium level of GDP in the economy represented by the table? A. 1000 B. 3000 c sooo D 4000 At the equilibrium level of GDP what is: The sum of leakages? The sum of injections? What is the level oflu? The state of the economy? B. 1900 B. 1000 B. 1000 c -2840 c. 400 D. 2840 D. 2840 A 1900 A -2840 A. Full employment The status of the government budget? A Surplus The status of international trade A Surplus B _ Unemployment C. Inflationary D _ Can 't tell B. deficit C. Balanced B. deficit C. Balanced III. 20 Accorcling to the assumptions of the table, as GDP increases, what happens to: Government tax revenue? G ov emment expenditures ? A Increases B. Decreases C _ Unchanged A Increases B. Decreases C. Unchanged

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