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… 1.5 d. 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. 7. 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. 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 a. To reach full employment would require an injection of £1 billion. Macroeconomic Calculations and Production Fluctuations (version A) 1. Private saving b. Consider the following data for a closed economy;? 8. 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 (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. 2.5 b. (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. 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 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… Private saving 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. Y= \$11 trillion, C = \$8 trillion, I = \$2 trillion, TR = \$1 trillion, T = \$3 trillion. Private saving is: \$ trillion. use the data to calculate the following a. private saving b. investment spending c. transfer payments d. the government budget deficit or budget surplus. Public saving c. Government purchases d. The government budget deficit or budget surplus Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment. Investment spending is: \$ trillion. Public saving c. Goverment purchases d. The goverment budget deficit or budget surplus use the date to calculate the following. In a closed economy with no government, the equilibrium level of income is £22 billion, the full employment level of income is £25 billion.