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zysi [14]
3 years ago
7

The country of Yokovia does not trade with any other country. Its GDP is $20 billion. Its government collects $2 billion in taxe

s. Consumption equals $15 billion and investment equals $2 billion. What is public saving in Yokovia, and what is the value of the goods and services purchased by the government of Yokovia? a. -$2 billion and $1 billion. b. $1 billion and $1 billion. c. -$1 billion and $3 billion. d. -$2 billion and $3 billion.
Business
1 answer:
lana66690 [7]3 years ago
6 0

Answer:

c. -$1 billion and $3 billion.

Explanation:

GDP = C + I + G

 20  = 15 + 2 + G

G = 20 - 15 - 2 = 3

The government spending is 3 billion. which makes only option c or d correct.

Now we need to solve for public savings:

Taxes -  Goverment Spending  = Public savings

2 - 3 = -1

the government runs with a 1 billion deficit.

This makes option c correc

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zzz [600]

Answer:

D). <em>Spending more money than you make and acquiring debt</em>

7 0
2 years ago
If the marginal propensity to save (MPS) is 0.25, investment spending (I) is $600 million, and the government increases its purc
trasher [3.6K]

Answer: Option (b) is correct.

Explanation:

Given that,

Marginal propensity to save (MPS) = 0.25

Investment spending (I) = $600 million

Government purchases increases by $150 million

MPC - Marginal propensity to consume

MPC + MPS = 1

MPC = 1 - 0.25

= 0.75

Government spending multiplier = \frac{1}{1 - MPC}

= \frac{1}{1 - 0.75}

= 4

Increase in Real GDP = Government spending multiplier × Increase in government purchases

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8 0
3 years ago
Which property classification would include tools?
Nady [450]
The answer is durable. According to AR 735-5 (Policies and Procedures for Property Accountability), a durable property is a property that is not consumed in use, does not require property book accountability, but because of its unique characteristics requires control when issued to the user. The best example for this is hand tools.  Hand tools are measured durable because they are not used up by Soldier unlike cleaning supplies. Hand tools are not on the property book. They do require a signature when issued, whether from the tool room or the supply room. When hand tools break, they must be turned in for replacements. Soldiers who misplace hand tools pay for the lost tools in order to implement supply discipline. We must have supply discipline to save Army resources for deployments, training exercises and other mission requirements. Leaders involve periodic inventories and the correct hand receipt procedures for the same reason. Hand tools are costly and Soldiers use millions of them. So, hand tools are durable because they do not get used up, unlike consumable supplies such as hand soap or motor oil, and also require some type of control when issued.
8 0
3 years ago
Read 2 more answers
William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his ambitions an
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Answer: D. make a conscious choice to do so

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Based on the information given, in order to attain a "right livelihood," William needs to make a conscious choice to do so.

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Option D is the correct answer as he should make a conscious choice to attain the right livelihood and have enough rest that he desires.

5 0
3 years ago
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storchak [24]

Answer:

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September 15, petty cash fund in increased

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3 0
2 years ago
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