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Investment spending is: $ trillion. Private saving b. Solution for Consider the following data for a closed economy: Y = $12 trillion C = $9 trillion G = $2 trillion %3D %3D = $-1.0 trillion public T= $3 trillion… To reach full employment would require an injection of £1 billion. In a closed economy with no government, the equilibrium level of income is £22 billion, the full employment level of income is £25 billion. Y= $11 trillion, C = $8 trillion, I = $2 trillion, TR = $1 trillion, T = $3 trillion. 8. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment. 1.5 d. 2.0 c. Transfer payments are: $ trillion. Macroeconomic Calculations and Production Fluctuations (version A) 1. Consider the following data for a closed economy: Y=\\ 11 trillion C=\\ 8 trillion I=\\ 2 trillion T R=S 1 trillion T=S 3 trillion Use these data to calculate the… Consider the following data for a closed economy: Y = $11 trillion C = $8 trillion I = $2 trillion TR = $1 trillion T = $3 trillion Use the data above to calculate the following: Private saving Public saving Government purchases Government budget deficit or surplus Y = $11 trillion, C= $8 trillion, I = $2 trillion, S sub Public = $.5 trillion, T = $2 trillion. 7. a. Question: Scenario 10-1 Consider the following data for a closed economy: Y = $16 trillion C = $10 trillion I= $2 trillion TR = $1 trillion T = $3 trillion Public saving c. Goverment purchases d. The goverment budget deficit or budget surplus Consider the following data for a closed economy (12 points): Question 10.2.7 Y = $15 trillion C = $9 trillion I = $4 trillion TR = $1 trillion T = $5 trillion Use this data to calculate the following: a. Consider the following data for a closed economy: Y $12 trillion C $8 trillion G $2 trillion Spublic $-0.50 trillion T $2 trillion Now suppose that government purchases increase from $2 trillion to $2.60 trillion but the values of Y and C are unchanged. use the data to calculate the following a. private saving b. investment spending c. transfer payments d. the government budget deficit or budget surplus. Private saving b. (1) deficit surplus Consider the following data for a closed economy: Y = $ trillion 14 C = $ trillion 9 G = $ trillion 3 S public = $ trillion − 0.5 T = $ trillion 4 Use the data to calculate the following: (Enter your responses rounded to one decimal place.) use the date to calculate the following. Private saving is: $ trillion. 2.5 b. Consider the following data for a closed economy: Y $12 trillion C $8 trillion G $2 trillion Spublic $-0.50 trillion T $2 trillion Now suppose that government purchases increase from $2 trillion to $2.60 trillion but the values of Y and C are unchanged. Consider the following data for a closed economy;? Consider the following data for a closed economy: Y = $11 Trillion C = $8 Trillion I = $2 Trillion TR = $1 Trillion T= $3 Trillion Use these data to calculate the following: a. Public saving c. Government purchases d. The government budget deficit or budget surplus Suppose GDP is $\$$8 trillion, taxes are $\$$1.5 trillion, private saving is $\$$0.5 trillion, and public saving is $\$$0.2 trillion.

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