Exam 13: Saving Investment and the Financial System: Saving and Investment in the National Income Accounts

Melinda buys new equipment for her dental office with funds she borrowed from a bank that raised funds from depositors.Which of the following is correct?

For an imaginary closed economy,T = $5,000;S = $11,000;C = $48,000;and the government is running a budget surplus of $1,000.Then

If national saving in a closed economy is greater than zero,which of the following must be true?

In a closed economy,what remains after paying for consumption and government purchases is

Which of the following is not always correct for a closed economy?

Suppose private saving in a closed economy is $12b and investment is $10b.

Suppose that in a closed economy GDP is equal to 11,000,taxes are equal to 1,000,consumption equals 7,500,and government purchases equal 2,000.What is national saving?

In a small closed economy investment is $50 billion and private saving is $45 billion.What are public saving and national saving?

According to the definitions of national saving and private saving,if Y,C,and G remained the same,an increase in taxes would

Which of the following lists correctly identifies the four expenditure categories of GDP?

The identity that shows that total income and total expenditure are equal is

Which of the following expressions must be equal to national saving for a closed economy?

Consider three different closed economies with the following national income statistics.Country A has taxes of $40 billion,transfers of $20 billion,and government expenditures on goods and services of $30 billion.County B has private savings of $60 billion,and investment expenditures of $40 billion.Country C has GDP of $300 billion,investment of $90,consumption of $180 billion,taxes of $60 billion and transfers of $20 billion.From this information,we know that

Suppose the economy is closed and consumption is 8 million,taxes are 2 million,and government purchases are 1.75 million.If national saving amounts to 1.25 million,then what is GDP?

Scenario 26-1.Assume the following information for an imaginary,closed economy. GDP = $100,000;taxes = $22,000;government purchases = $25,000;national saving = $15,000. -Refer to Scenario 26-1.For this economy,consumption amounts to

In a closed economy,public saving is the amount of

In examining the national income accounts of the closed economy of Nepotocracy you see that this year it had taxes of $100 billion,transfers of $20 billion,and government purchases of goods and services of $70 billion.You also notice that last year it had private saving of $70 billion and investment of $50 billion.In which year did Nepotocracy have a budget deficit of $20 billion?

According to the definitions of national saving and public saving,if Y,C,and G remained the same,an increase in taxes would

In national income accounting,we use which of the following pairs of terms interchangeably?

Scenario 26-3.Assume the following information for an imaginary,open economy. Consumption = $1,000;investment = $200;net exports = -$50; taxes = $230;private saving = $225;and national saving = $150. -Refer to Scenario 26-3.This economy's government is running a