Suppose real GDP is $5,042 billion, taxes collected by the government are $534 billion, government spending is $846 billion, and consumption spending is $3,461 billion. What is the value of public saving? Enter a whole number with no dollar sign and please do not include the word billion. If appropriate, please enter a negative (-) sign.

Suppose real GDP is $5,042 billion, taxes collected by the government are $534 billion, government spending is $846 billion, and consumption spending is $3,461 billion. What is the value of public saving? Enter a whole number with no dollar sign and please do not include the word billion. If appropriate, please enter a negative (-) sign.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Savings,investment And The Financial System

Section: Chapter Questions

Problem 4PA

See similar textbooks

Similar questions

Suppose real GDP is $5,136 billion, taxes collected by the government are $535 billion, government spending is $656 billion, and consumption spending is $3,893 billion. What is the value of private saving?
Suppose GDP in this country is $1,540 million. Enter the amount for government purchases. National Income Account Value (Millions of dollars) Government Purchases (GG) Taxes minus Transfer Payments (TT) 455 Consumption (CC) 700 Investment (II) 490 Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private SavingPrivate Saving = = (t-g, y-t-i, c-t,y-c-t) = = million Public SavingPublic Saving = = (t-g, y-t-i, c-t, y-c-t) = = million Based on your calculations, the government is running a budget (surplus, deficit) .
If consumption expenditures are $1800 million, gross investment is $450 million, imports are $350 million, exports are $180 million, government expenditure on goods and services is $120 million, and government transfer payments are $180 million and net taxes are $250 million; a) Calculate the GDP. b) Is there budget deficit or surplus? Calculate. c) How much is the private (household) saving?
Based on Abel, Bernanke and Croushore, 10th edition, Chapter 4, Numerical Problems No. 1. A consumer is making saving plans for this year and next. She knows her real income after taxes will be $50,000 in both years. Any part of her income saved this year will earn a real interest rate of 10% between this year and next year. Currently, the consumer has no wealth (no money in the bank or other financial assets, and no debts). There is no uncertainty about the future. a) Formally derive the consumer’s intertemporal budget constraint. b) Using the given numerical values rewrite and graph the budget line. c) Find the consumer’s PVLR. The consumer wants to save an amount this year that will allow her to (1) make college tuition payments next year equal to $16,800 in real terms; (2) enjoy exactly the same amount of consumption this year and next year, not counting tuition payments as part of next year’s consumption; and (3) have neither assets nor debts at the end of next year. d) In the…
Given Table 12-6 below, fill in the values for saving. Assume taxes = $800. Table 12-6 National Income $11,400 11,800 12,200 12,600 Consumption $7,500 7,800 8,100 8,400 Use the editor to format your answer Saving
Suppose GDP in this country is $480 million. National Income Account Value (Millions of dollars) Government Purchases (GG) 150 Taxes minus Transfer Payments (TT) 180 Consumption (CC) 225 Investment (II) 105 Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private SavingPrivate Saving = (YTI, TG, YCT) = = ?million Public SavingPublic Saving = = (CT, TG, YCT, YTI) = = $million
Consider a closed economy for which GDP is equal to 22,000, taxes are equal to 7,000, consumption is equal to 13,000, and government expenditures are equal to 4000. What is private saving? Question 15 options: 3,000 0 2,000 1,000
8) Consider an economy described as follows: Y=C+l+G. Y=8,000 G=2,500. T=2,000. C=1,000+2/3(Y-T) |=1,200-100r a) In this economy, compute private saving, public saving, and national saving.
If Government Spending (G) is 200 million, Tax Revenue (T) is $260 million \$2 Consumption is $300 million, and GDP (Y) is 780 million. Public saving is
ANSWER ALL THE QUESTIONS..... PLEASE IT'S URGENT... In a given year, a country's GDP = $9,841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $7,863, and government purchases = $140. The country had private saving equal to A) $285. B) $3,850. C) $2,397. D) $2,112. Let’s continue with the information given in the previous question. The country had government saving equal to A) $285. B) $330. C) $453. D) $542. 3. Suppose that national saving is $1,456 billion, investment is $1,945 billion, and private saving is $1,590 billion. How much is the current account balance? A) $489 billion B) $221 billion C) -$221 billion D) -$489 billion
Consider an economy in which GDP is $8.2 trillion, public saving is -$0.2 trillion, taxes are $0.9 trillion, private saving is $3.0 trillion, export is $0.6 trillion, and import is $0.5 trillion. Calculate government purchases. Calculate national saving and investment. Calculate consumption.
If consumption expenditures are $1800 million, gross investment is $450 million, imports are $350 million, exports are $180 million, government expenditure on goods and services is $120 million, and government transfer payments are $180 million and net taxes are $250 million; a) Calculate the GDP. b) Is there budget deficit or surplus? Calculate. c) How much is the private (household) saving? d) How much is the disposable income?