Solved

-Refer to the Table in the Exhibit

Question 49

Multiple Choice



 Schedule for Real GDP, Net Taxes and Government Purchases (Trillions of Dollars)   Real  GDP  Net  taxes  Disposable  income (Y)  Consumption (NT)  Saving (YNT)  Planned  investment (S)  Net  exports (NX)  Government  purchases (G)  Planned  aggregate  expenditure (C+I+NX+G) 3.00.92.12.00.10.50.20.93.23.60.92.72.40.30.50.20.93.54.20.93.32.80.50.50.20.94.04.80.93.93.20.70.50.20.94.45.40.94.53.60.90.50.20.94.8\begin{array}{l}\text { Schedule for Real GDP, Net Taxes and Government Purchases (Trillions of Dollars) }\\\begin{array}{ccccccccc}\hline \begin{array}{c}\text { Real } \\\text { GDP }\end{array} & \begin{array}{c}\text { Net } \\\text { taxes }\end{array} & \begin{array}{c}\text { Disposable } \\\text { income } \\(Y) \end{array} & \begin{array}{c}\text { Consumption } \\(N T) \end{array} & \begin{array}{c}\text { Saving } \\(Y-N T) \end{array} & \begin{array}{c}\text { Planned } \\\text { investment } \\(S) \end{array} & \begin{array}{c}\text { Net } \\\text { exports } \\(N X) \end{array} & \begin{array}{c}\text { Government } \\\text { purchases } \\(G) \end{array} & \begin{array}{c}\text { Planned } \\\text { aggregate } \\\text { expenditure } \\(C+I+N X+G) \end{array} \\\hline 3.0 & 0.9 & 2.1 & 2.0 & 0.1 & 0.5 & -0.2 & 0.9 & 3.2 \\3.6 & 0.9 & 2.7 & 2.4 & 0.3 & 0.5 & -0.2 & 0.9 & 3.5 \\4.2 & 0.9 & 3.3 & 2.8 & 0.5 & 0.5 & -0.2 & 0.9 & 4.0 \\4.8 & 0.9 & 3.9 & 3.2 & 0.7 & 0.5 & -0.2 & 0.9 & 4.4 \\5.4 & 0.9 & 4.5 & 3.6 & 0.9 & 0.5 & -0.2 & 0.9 & 4.8 \\\hline\end{array}\end{array}
-Refer to the table in the exhibit.Given that leakages must equal injections in equilibrium, which of the following characterizes this relationship?  


A)  S + NT + NX = G + I 
B)  S = I 
C)  C + S = G + I 
D)  S + NT = NX + G + I

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions