Question
In: Economics
3. The data given below for Alabama city in 2019, answer the following question and show...
3. The data given below for Alabama city in 2019, answer the following question and show your calculation Export $300 Import $350 Personal consumption expenditures (C) $2,000 Government expenditure on goods and services (G) $1,100 Gross private investment (I) $1,300 Taxes $1000 Fractional Unemployment rate 2.3% Structural Unemployment rate 1.5% Cyclical unemployment rate -0.3% Reserve Ratio (RR) 20% Deposit at Banks $2000 Price level (P.L) 120 a. What is the value of Net Export? b. Is country borrowing from or lending to the rest of the world? c. What is the value of Gross Domestic Product GDP (Y)? d. What is the value of real GDP? e. What is the size of deposit expansion multiplier? f. What is the amount of required reserve the bank must hold? g. What is the amount of loans the bank can give? h. What is the total unemployment rate (UR)? i. What is the Natural Rate of Unemployment (NRU)? j. What is the value of private and households saving? k. What is the value of Government saving? l. What is the value of National Saving?
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
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