Now assume that the central bank unexpectedly decreases the money supply by 6%. GDP totaled $19.5 trillion last year,” the study explained. The US government has racked up $16 trillion in debt. Assuming this is a closed economy, calculate consumption, government purchases, national saving, and investment. Also suppose that across the whole economy, personal income is $12 trillion. Now, assume that the central bank increases the money supply by 6%. a. Illustrate the short-run effects on the macro economy by using the … If the country experienced 20% inflation over those ten years, what was percent increase in real GDP kaylagillner6234 is waiting for your help. Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. A 2019 study from Illumen Capital found that $35 trillion of capital would be allocated differently, were it not for racial and gender bias. The Democrat Party is the home for racists in this country; it has cost the US at least $16 trillion over the years due to corruption, inefficiency, worthless government programs, loss of lives, draining of human initiative, destruction of families. Even though the government owes 16 trillion of its power, it still has a lot of power left. Not acting on the problem is going to keep costing higher and higher dollars for the country. Suppose GDP was 10 trillion in 2000 (in 2000 dollars) and 15 trillion in 2010 (in 2010 dollars). Claim: "The Democrats’ plan to completely takeover American energy and completely destroy America’s economy through their new $100 trillion Green New Deal." “Economist who says racism costs the U.S. $16 trillion” I agree with the conclusion, although my logic is slightly different. Add your answer and earn points. The $16 trillion drag on the U.S. economy since 2000 is particularly felt in the area of capital investment of black-owned businesses. If the government collects $1.5 trillion in personal taxes, then disposable income will be: $10.5 trillion - Suppose that this year's nominal GDP is $16 trillion. As reported in the Russian Times, … Suppose the economy is in long-run equilibrium, with real GDP at $16 trillion and the unemployment rate at 5%. Money derive its value from purchasing power. Suppose the economy is in long-run equilibrium, with real GDP at $16 trillion and the unemployment rate at 5%. The “U.S. The US debt is now bigger than the entire US economy. 5E 120 pts Suppose that the relationship between the number of workers and real GDP is given by the table below and diagram to the right S Labor input per year (millions of workers) 120 130 140 150 160 170 Real GDPyr ($ trillions) 12.00 14.00 16.00 18.00 20.00 22.00 Hourly wage rate 2- a. 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