eco poblems: Pleace give me the answer and formular if possible. In a closed eco

Question

eco poblems:

Pleace give me the answer and formular if possible.

In a closed economy, the values for GDP; consumption spending, investment spending, transfer payments, and taxes are as follows: Y = $11 trillion C = $8 trillion I = $2 trillion TR= $1 trillion T = $2 trillion Using the information above, what is the value of private saving and public saving? Private saving equals $8 trillion and public saving equals $2 trillion. Private saving equals $2 trillion and public saving equals $8 trillion. Private saving equals $2 trillion and public saving equals $0 trillion. Private saving equals $0 trillion and public saving equals $1 trillion. Which of the following would cause the dollar to appreciate? an increase in the demand for dollars OB. an increase in the supply of dollars OC. a decrease in the demand for dollars an increase in the demand for imports from foreign countries 3 What is the rule of 70? The rule of 70 states when an individual can be eligible for full social security benefits. is a mathematical formula that is used to calculate the number of years it is a mathematical formula that is used to calculate the number of years it hundred percent. is a mathematical formula that is used to calculate the number of years it If real GDP per capita grows at a rate of 2.6 percent per year, it will take to years doblieenter your responce rounded to one decimal place)

Explanation / Answer

1. Private saving =GDP- transfer payment - consumption = Y-T-C=11-1-8= 2 $ trillion

Public saving = Tax- investment spending =T- I = 2-2 =0

so option (C)

2. option (A) an increase in demand for dollars

3. option (B) is a mathmatical formula to calculate number of years it takes GDP or any variable to double

4. 70/2.6 =26.9 years

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