1.5 d. Question: Scenario 10-1 Consider the following data for a closed economy: Y = $16 trillion C = $10 trillion I= $2 trillion TR = $1 trillion T = $3 trillion Consider the following data for a closed economy;? use the data to calculate the following a. private saving b. investment spending c. transfer payments d. the government budget deficit or budget surplus. Private saving b. Investment spending is: $ trillion. Consider the following data for a closed economy: Y $12 trillion C $8 trillion G $2 trillion Spublic $-0.50 trillion T $2 trillion Now suppose that government purchases increase from $2 trillion to $2.60 trillion but the values of Y and C are unchanged. a. use the date to calculate the following. Private saving is: $ trillion. In a closed economy with no government, the equilibrium level of income is £22 billion, the full employment level of income is £25 billion. Solution for Consider the following data for a closed economy: Y = $12 trillion C = $9 trillion G = $2 trillion %3D %3D = $-1.0 trillion public T= $3 trillion… 7. Consider the following data for a closed economy (12 points): Question 10.2.7 Y = $15 trillion C = $9 trillion I = $4 trillion TR = $1 trillion T = $5 trillion Use this data to calculate the following: a. Consider the following data for a closed economy: Y = $11 trillion C = $8 trillion I = $2 trillion TR = $1 trillion T = $3 trillion Use the data above to calculate the following: Private saving Public saving Government purchases Government budget deficit or surplus Y = $11 trillion, C= $8 trillion, I = $2 trillion, S sub Public = $.5 trillion, T = $2 trillion. Consider the following data for a closed economy: Y = $11 Trillion C = $8 Trillion I = $2 Trillion TR = $1 Trillion T= $3 Trillion Use these data to calculate the following: a. Private saving b. 8. To reach full employment would require an injection of £1 billion. Consider the following data for a closed economy: Y=\\ 11 trillion C=\\ 8 trillion I=\\ 2 trillion T R=S 1 trillion T=S 3 trillion Use these data to calculate the… Public saving c. Government purchases d. The government budget deficit or budget surplus 2.5 b. Suppose GDP is $\$$8 trillion, taxes are $\$$1.5 trillion, private saving is $\$$0.5 trillion, and public saving is $\$$0.2 trillion. 2.0 c. Transfer payments are: $ trillion. (1) deficit surplus Consider the following data for a closed economy: Y = $ trillion 14 C = $ trillion 9 G = $ trillion 3 S public = $ trillion − 0.5 T = $ trillion 4 Use the data to calculate the following: (Enter your responses rounded to one decimal place.) Consider the following data for a closed economy: Y $12 trillion C $8 trillion G $2 trillion Spublic $-0.50 trillion T $2 trillion Now suppose that government purchases increase from $2 trillion to $2.60 trillion but the values of Y and C are unchanged. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment. Public saving c. Goverment purchases d. The goverment budget deficit or budget surplus Macroeconomic Calculations and Production Fluctuations (version A) 1. Y= $11 trillion, C = $8 trillion, I = $2 trillion, TR = $1 trillion, T = $3 trillion.