Assume that GDP 8100 consumption 5400 gross private domestic investment 1200

Assume that gdp 8100 consumption 5400 gross private

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24. Assume that GDP = 8,100, consumption = 5,400, gross private domestic investment = 1,200, government purchases = 1,600. Which of the following is true?A) imports exceed exports by 100B) exports exceed imports by 100C) depreciation is 100D) the trade surplus is 100E) both B) and D)Ans: ADifficulty: Medium25. Assume exports = 300, imports = 400, tax revenues = 1,100, government purchases = 1,400, private domestic saving = 900. Then the level of private domestic investment isDifficulty: Easy26. If imports increase by $15 billion, which of the following has to happen for GDP to rise? Difficulty: Easy27. As a percentage of GNP, the U.S. federal debt 7
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Difficulty: Medium28. If private domestic saving exceeds private domestic investment by $220 billion and government spending exceeds tax revenue by $340 billion, then A) the trade deficit is $560 billionB) the trade surplus is $560 billionC) the trade deficit is $120 billionD) the trade surplus is $120 billionE) the trade deficit is $340 billionAns: CDifficulty: Medium29. If national income is 5,200, disposable income is 4,400, consumption is 4,100, the trade deficit is 110, and the budget deficit is 150, what is the level of private domestic investment?Difficulty: Difficult30. Assume government purchases = $1,500, the budget deficit = $120, consumption = $4,800, private domestic saving = $1,220, the trade deficit = $90, and transfer payments = $0. Which of the following is true? Difficulty: Medium31. If the U.S. budget deficit increased substantially while private domestic saving and private domestic investment remained roughly the same, then8
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Difficulty: Difficult32. Assume the budget deficit decreased by $15 billion, private domestic saving decreased by $20 billion, exports increased by $10 billion, and imports increased by $15 billion. By how much did private domestic investment change?A) private domestic investment decreased by $10 billionB) private domestic investment increased by $10 billionC) private domestic investment did not change at allD) private domestic investment decreased by $20 billionE) the change in private domestic investment cannot be determined from this informationAns: CDifficulty: Medium
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