Business, 15.04.2020 20:48 Karate5650

Consider the following data for a closed economy: Y = $1414 trillion C = $1010 trillion G = $33 trillion Spublic = $negative 1.0−1.0 trillion T = $44 trillion Use the data to calculate the following: (Enter your responses rounded to one decimal place.) a. Private saving is: $ trillion.

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Answer from: hunterthompson2

Private savings = $360 trillion

Explanation:

Private savings is a summation of household and business savings. When there is economic growth there is stimulation of private savings, people have more money to save.

Private savings also drives economic growth because people have more money to invest in businesses that will have a higher output.

In a closed economy the formula for private savings is

Private savings = Y + TR - C - T

Private savings= 1414 trillion + 0 - 1010 trillion - 44 trillion

Private savings = $360 trillion

Answer from: mervesena01

$393 trillion

Explanation:

Private saving

= Y + TR – C – T

Y= $1414 trillion

TR=$33 trillion

C = $1010 trillion

T = $44 trillion

Using the formula

Y + TR – C – T

= $1414 trillion + $33 trillion – 1010 trillion – $44 trillion = $393 trillion

Answer from: Quest

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

Answer from: Quest

Answergrowth stock;

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Consider the following data for a closed economy: Y = $1414 trillion C = $1010 trillion G = $33 tril...

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