unemployment calculation
Economics of government budget calculation help?
The following data gives a comprehensive picture of home, business and government sectors to 2006 in the new small independent nation of Ossetia. (all figures are in billion) purchase of Government Capital $ 50 (end of 2005, Capital) $ 100 (late 2006 changes) $ 103 in inventory of $ 0 welfare payments of $ 5 Government unemployment insurance programs of the Government payroll $ 2 Government Government spending $ 3 to $ 2 materials for depreciation of $ 7 rate6% Interest Assuming that the state budget for 2006 was in balance, (G = T), calculating each of the following (in order) a. Government purchases. B. Net taxes. C. Total planned investment. D. The real GDP. E. The total savings. F. Total leakage. G. Total shots.
Economy without private consumption? A. Government purchases = $ 50 (given first) b. Net taxes = 0 (from the statement than G = T balanced budget and therefore there is no deficit or surplus) c. Total planned investment = Gross Real Investment = I = 103 +7 = 110 m. GDP real = C + I + G = 0 +110 +50 = 160 e. Total savings = I = 110 (S = I for the case of a closed economy) f. Leaks Total = S + T = 110 +50 = 160 g. Injections Total = R + G = 110 +50 = 160 "injections = leakages" as a condition of equilibrium (case of a closed economy)
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