use the date to calculate the following. Suppose GDP is $\$$8 trillion, taxes are $\$$1.5 trillion, private saving is $\$$0.5 trillion, and public saving is $\$$0.2 trillion. 1.5 d. (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 = $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 In a closed economy with no government, the equilibrium level of income is £22 billion, the full employment level of income is £25 billion. 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. To reach full employment would require an injection of £1 billion. Public saving c. Government purchases d. The government budget deficit or budget surplus 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. a. Y= $11 trillion, C = $8 trillion, I = $2 trillion, TR = $1 trillion, T = $3 trillion. 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… 8. 2.5 b. Consider the following data for a closed economy;? Private saving 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. Private saving b. Public saving c. Goverment purchases d. The goverment budget deficit or budget surplus 2.0 c. Transfer payments are: $ trillion. Macroeconomic Calculations and Production Fluctuations (version A) 1. 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 $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. Investment spending is: $ trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment. 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. 7. use the data to calculate the following a. private saving b. investment spending c. transfer payments d. the government budget deficit or budget surplus. 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