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In: Economics
what is the impact of government purchases on NNP ?Taxes?
what is the impact of government purchases on NNP ?Taxes?
Solutions
Expert Solution
NNP is often examined on an annual basis as a way to measure a nation’s success in continuing minimum production standards. The NNP is expressed in the currency .
the nation it represents. In the United States, the NNP is expressed as in dollars; for EU member nations, the NNP is expressed in euros .
Physical capital can include real estate, machinery or any other tangible resource used in the production of goods and services aside from the human element. Human capital covers the skills, knowledge and abilities of a workforce to produce goods and services as well as the necessary training or education that may be required to maintain production standards.
The NNP has particular usefulness for the field of environmental economics. The NNP is a model associated with the depletion of natural resources, and it may be used to determine whether certain activities are sustainable within a particular environment .
Rahul Sunny answered 2 years agoRelated Solutions
A decrease in government purchases, an increase in net taxes, or some combination of the two...
A decrease in government purchases, an increase in net taxes, or
some combination of the two is designed to:
Select one:
a. shift the economy's aggregate demand curve inward
b. result in no change in the economy's price level
c. move the economy to potential output without the resulting
inflation
d. all of the above
e. a. and c.
If government purchases and taxes both increase by $100 billion, calculate the net effect of these...
If government purchases and taxes both increase by $100 billion,
calculate the net effect of these changes on equilibrium real GDP.
Show your work.
If government purchases and taxes both increase by $100 billion, calculate the net effect of these...
If government purchases and taxes both increase by $100 billion,
calculate the net effect of these changes on equilibrium real GDP.
Show your work.
1)In the IS–LM model, the impact of a decrease in government purchases in the goods market...
1)In the IS–LM model, the impact of a decrease in government
purchases in the goods market has ramifications in the money
market, because the decrease in income causes a(n) ______ in money
______.
A) Increase; supply;
B) Increase; demand;
C) Decrease; supply;
D) Decrease; demand.
2)If the IS curve is given by r = 18 – .01Y and the LM curve is
given by r = -4 + .01Y, if the full employment level of output is
1,200, then in...
Private saving is 227, taxes equal 76. and government purchases are 76. If investment is 190,...
Private saving is 227, taxes equal 76. and government purchases
are 76. If investment is 190, calculate the trade balance/net
exports (NX) for a small open economy. Enter your answer only.
Net exports equal -79, private saving is 159, and investment is
107. Calculate public saving. Enter your answer only.
Private saving is 207, taxes equal 99, government purchases are
77, and investment is 140. Calculate net capital outflows. Enter
your answer only.
Increases in government purchases of goods and services, G, and cuts in taxes, T, can have...
Increases in government purchases of goods and services, G, and
cuts in taxes, T, can have a larger effect on aggregate demand.
This is called the ____________________________ effect. This effect
will be greater, the (higher, lower) the marginal propensity to
consume is. (2 points; 1 point each)
While an increase in G or a cut in T, by raising incomes and the
demand for money, also raise interest rates and reduce investment
spending. This effect of higher G or lower...
The budget surplus is defined as taxes less transfers and government purchases, T − G, where...
The budget surplus is defined as taxes less transfers and
government purchases, T − G, where T is net taxation (taxes less
transfers) and G is government purchases. If the government has
collected more than it has spent, the term T − G is positive and
the budget is in surplus. If T − G < 0 then the budget is in
deficit. Recall that T and G are flows (as is GDP). The budget
deficit or surplus is measured...
An economy has full-employment output of 2400. Government purchases are 100 and taxes are 100. Desired...
An economy has full-employment output of 2400. Government
purchases are 100 and taxes are 100. Desired consumption and
desired investment are given by
Cd = 100 + 0.6(Y-T)
Id = 100 – 240r
where Y is output and r is the expected real
interest rate.
Find the real interest rate that clears the goods market.
Assume that output equals full-employment output.
Calculate the amount of public saving, private saving, National
saving, investment, and consumption in equilibrium.
Explain what is government spending and what is taxes and why they are important to the...
Explain what is government spending and what is taxes and why
they are important to the government budget?
https://www.cnbc.com/2017/06/09/the-reason-small-business-owners-love-trumps-tax-plan.html
"What is the impact of government rules and regulations on business" ?
"What is the impact of government rules and regulations on
business" ?
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