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Sonbull [250]
3 years ago
12

Consider the following data for a closed economy:

Business
1 answer:
notsponge [240]3 years ago
4 0

Answer: The answer is given below

Explanation:

a. . Private saving

Private saving=Y+TR-C-T

= $11t + $1t - $8t - $3t

= $12 trillion - $11 trillion

= $1 trillion

b. Public saving

Public Saving= T-G-TR

Since G is not given, we can use:

I = public saving + private saving

$2t = public savings + $1t

Public saving= $2 trillion - $1 trillion

Public savings = $1 trillion

c. Goverment purchases

Since public savings = T - G - TR

$1t = $3t - G - $1t

G = $3t - $1t - $1t

G = $3 trillion - $2 trillion

G = $1 trillion

d. The goverment budget deficit or budget surplus.

There is a budget surplus of $1 trillion which has been calculated in the public savings.

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Answer:

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It is to be used for set the compensation for the people who live outside their native country that we called expatriate. Its motive to protect the purchasing power while on the duty

Also, in this the organization gives the rate that is equal to the salary given in the home country also the allowances are provided to balance their standard of living

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Answer:

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