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Will Dorroh 11 questions

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Questions in this quiz (11)

  1. 1Private saving is
    1. Athe amount of income that households have left after paying for their taxes and consumption.
    2. Bthe amount of income that businesses have left after paying for the factors of production.
    3. Cthe amount of tax revenue that the government has left after paying for its spending.
    4. Dalways equal to investment.
  2. 2Public saving is
    1. Amount of income that households have left after paying for taxes and consumption.
    2. Bamount of income that businesses have left after paying for the factors of production.
    3. Camount of tax revenue that the government has left after paying for its spending
    4. Dsum of A), B), and C).
  3. 3In which of the following cases would it necessarily be true that national saving and private saving are equal for a closed economy?
    1. APrivate saving is equal to government expenditures.
    2. BThe government’s tax revenue is equal to its expenditures.
    3. CPublic saving is equal to investment.
    4. DAfter paying their taxes and paying for their consumption, households have nothing left.
  4. 4In a closed economy, national saving equals_____.
    1. Ainvestment
    2. BGDP minus the sum of consumption and government purchases
    3. Cprivate saving plus public saving
    4. Dall of the above
  5. 5The savings-investment spending identity says that______.
    1. Asavings and investment spending are always equal for the economy as a whole.
    2. Beach person in the economy must invest as much as he or she saves.
    3. Csavings must equal government investment for the economy as a whole.
    4. Deach person in the economy must save as much as he or she invests
  6. 6Which of the following would a macroeconomist consider as investment?
    1. ACharlie purchases a bond issued by Proctor and Gamble Corp.
    2. BKarlee purchases stock issued by Texas Instruments, Inc.
    3. CMariah builds a new coffee shop.
    4. DAll of the above
  7. 7Which of the following is correct
    1. AThe total income in the economy that remains after paying for consumption and government purchases is called private saving.
    2. BThe sum of private saving and national saving is called public saving.
    3. CFor a closed economy, the sum of private saving and public saving must equal investment.
    4. DFor a closed economy, the sum of consumption, national saving, and taxes must equal GDP.
  8. 8In national income accounting, we use which of the following pairs of terms interchangeably?
    1. AInvestment and government budget balance
    2. BInvestment and purchases of stock and bonds
    3. CGovernment saving and national saving
    4. DPublic saving and government budget balance
  9. 9If there is a surplus of loanable funds, then_____.
    1. Athe quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium.
    2. Bthe quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is above equilibrium.
    3. Cthe quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is below equilibrium.
    4. Dthe quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is below equilibrium.
  10. 10Other things the same, a higher interest rate induces people to_____.
    1. Asave more, so the supply of loanable funds slopes upward.
    2. Bsave less, so the supply of loanable funds slopes downward.
    3. Cinvest more, so the supply of loanable funds slopes upward.
    4. Dinvest less, so the supply of loanable funds slopes downward.

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Description
Business/Economics Quiz on Untitled, created by Will Dorroh on 23/10/2022.
Language
English
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