In a given year a countrys gdp 9841 net factor

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5) In a given year, a country's GDP = $9841, net factor payments from abroad = $889, taxes = $869, transfers received from the government = $296, interest payments on the government's debt = $103, consumption = $8148, and government purchases = $185. The country had private saving equal to A) $285. B) $3850. C) $2397. D) $2112. Answer: C Diff: 2 Topic: Section: 2.3 Question Status: Previous Edition
6) If a local government collects taxes of $500,000, has $350,000 of government consumption expenditures, makes transfer payments of $100,000, and has no interest payments or investment, its budget would Diff: 2 Topic: Section: 2.3 Question Status: Previous Edition 7) If a local government collects taxes of $250,000, has $175,000 of government consumption expenditures, makes transfer payments of $75,000, and has no interest payments or investment, its budget would C Diff: 2 Topic: Section: 2.3 Question Status: New 8) The government budget surplus equals Diff: 1 Topic: Section: 2.3 Question Status: Previous Edition 9) National saving equals private saving plus government saving, which in turn equals A) C + S + T.B) GDP + C + G.C) GDP + NFP.D) GDP + NFP - C - G.Answer: D Diff: 2 Topic: Section: 2.3 Question Status: Previous Edition
10) The uses-of-saving identity says that an economy's private saving is used for Diff: 1 Topic: Section: 2.3 Question Status: Previous Edition 11) The uses-of-saving identity shows that if the government budget deficit rises, then one of the following must happen. A Diff: 2 Topic: Section: 2.3 Question Status: Previous Edition

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