Macroeconomics questions
josh
June 29, 2015
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- In the country of Crete household consumption is $7,411, government spending is $4,159, net taxes are $3,959, exports are $2,479, imports are $4,004 and GDP is $17,979
What percentage of Crete’s investment is financed by private foreign savings?
- Thessaloniki is a new country that has zero debt in 2008. The government revenues and outlays from 2009 to 2013Â are the following:
| 3.      Year | 4.      Revenue | 5.      Outlays |
| 6.      2009 | 7.      208 | 8.      381 |
| 9.      2010 | 10.  343 | 11.  425 |
| 12.  2011 | 13.  218 | 14.  221 |
| 15.  2012 | 16.  304 | 17.  522 |
| 18.  2013 | 19.  315 | 20.  370 |
What was Thessaloniki’s government debt in 2013? (enter this number as positive)
- Imagine that in the country of Karpathos the interest paid on the debt of the government is $5,242, indirect taxes are $4,158, transfer payments from the government to households are $7,937, personal income taxes are $3,773, purchases of goods and services by the government are $4,016, social security taxes are $4,324 and corporate income taxes $2,935.
What is the federal budget in Karpathos? (hint: this number could be positive or negative so be careful with the signs)
- In 2012 in the country of Rhodes the economy is at potential GDP and it has a government surplus of $193 billion. In 2013, the economy of Rhodes enters a recession and it is below potential GDP and the government deficit is $95.
What is the cyclical deficit? (please enter this number as positive).
- Assets Liabilities
Loans $139Â Â Â Â Â Â Â Â Â Deposits $275
What is the reserve ratio?
- If traveler’s checks were $1,781 higher and saving deposits were $5,514 higher, M1 would be $___ higher.
| Bills and coins | 12,436 |
| Saving Account Deposits | 19,201 |
| Small Time Deposits | 22,187 |
| Checking Account Deposits | 45,158 |
| Money Market Accounts | 30,867 |
| Traveler’s checks | 34,024 |
What is the value of M1?
- In the economy of Milli output is 9,100 goods per year, the amount of money is $176 and each dollar is spent an average of 40 times per year. According to the Quantity Equation of Money, what is the average price level?
- Last year, Tealandia produced 63,230 bags of green tea, which sold at 21 units each of Tealandia’s currency-the Leaf. Tealandia’s money supply was 1,467. What was the velocity of money in Tealandia?
10.
| Bills and coins | 26,752 |
| Saving Account Deposits | 46,587 |
| Small Time Deposits | 44,718 |
| Checking Account Deposits | 36,191 |
| Money Market Accounts | 39,094 |
| Traveler’s checks | 19,283 |
What is the value of M2?
- Which list ranks assets from most to least liquid?
currency, fine art, stocks
fine art, stocks, currency
currency, stocks, fine art
fine art, currency, stocks
- Which of the following represents the Quantity Equation of Money?
M x Y = P/Y
P x V = M x Y
P/V = M/Y
M x V = P x Y
