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Question 1:

Question 42 of 50 This test: 100 point(s) possible This question: 2 point(s) possible [Related to Don't Let This Happen To You!] Use the data for the country of New Finlandia in the following table to calculate the following: REAL GDP PER CAPITA YEAR (2005 PRICES) 2010 $41,739 2011 42,553 2012 42,347 2013 43,253 2014 43,182 (HINT: Remember from the previous chapter that the average annual growth rate for relatively short periods can be approximated by averaging the growth rates of those years.) a. The percentage increase in real GDP per capita between 2010 and 2014 is |% (Enter your response rounded to two decimal places.) b. The average annual growth rate in real GDP per capita between 2010 and 2014 is |% (Enter your response rounded to two decimal places.)Consider the following data for a closed economy: Y = $12 trillion C = $8 trillion G = $2 trillion public = $ - 0.5 trillion T = $3 trillion Use the data to calculate the following: (Enter your responses rounded to one decimal place.) a. Private saving is: $ trillion. b. Investment spending is: $ trillion. c. Transfer payments are: $ trillion. d. The government budget balance is: $ trillion and as a result the government budget is in