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MMLU-Pro / 7140 / In a given economy, households save 10% of their incomes; the current income tax…

Problem

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question

In a given economy, households save 10% of their incomes; the current income tax burden is 25%; planned investments are expected to be 60billion;andthetradedeficitisabout60 billion; and the trade deficit is about 2.5 billion. Current government expenditures are 270billionperyear.ThefullcapacityGNPlevelis270 billion per year. The full capacity GNP level is 1,060 billion. What is the current deficit? What is the full em-ployment deficit? Compare the two. Is the current budget expansionary or contractionary ? Explain.
Plain-text mathematical notation (without MathML)
In a given economy, households save 10% of their incomes; the current income tax burden is 25%; planned investments are expected to be 60billion;andthetradedeficitisabout2.5 billion. Current government expenditures are 270billionperyear.ThefullcapacityGNPlevelis1,060 billion. What is the current deficit? What is the full em-ployment deficit? Compare the two. Is the current budget expansionary or contractionary ? Explain.
Original LaTeX notation
In a given economy, households save 10% of their incomes; the current income tax burden is 25%; planned investments are expected to be $60 billion; and the trade deficit is about $2.5 billion. Current government expenditures are $270 billion per year. The full capacity GNP level is $1,060 billion. What is the current deficit? What is the full em-ployment deficit? Compare the two. Is the current budget expansionary or contractionary ? Explain.

category

economics

options

  1. $18.07 billion
  2. $12.5 billion
  3. $22.3 billion
  4. $30 billion
  5. $10 billion
  6. $15 billion
  7. $35 billion
  8. $20 billion
  9. $25 billion
  10. $17 billion

src

stemez-Economics

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Source and history

upstream_id / Original problem ID
7140
task_id
8706b484-5d04-596b-965a-6382e5f16574
task_key
default--test--7140
task_revision_id
1
config / split
default / test

Official source

initial import