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ECN 211 Midterm Exam 2025 Questions and Answers
ECN 211 Midterm Exam 2025 Questions and Answers
Course:
ECN 211
Institution:
ECN 211
ECN 211 Midterm Exam 2025 Questions and Answers
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| Uploaded on: | September 4, 2025 |
| Last updated: | September 7, 2025 |
| Number of pages: | 6 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | ECN 211 Midterm Exam 2025 Questions and Answers |
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ECN 211 Midterm Exam 2025 Questions and Answers Net Taxes (T) - ....ANSWER ...-Government tax revenue-government transfer payments T=total tax revenue- transfers Disposable Income - ....ANSWER ...-the income households have left after net taxes are taken away. Either spend or saved. total income minus net taxes Disposable Income=GDP-T Total Income - ....ANSWER ...-Total output or GDP Household Savings (S) - ....ANSWER ...-the portion of after-tax income that households do not spend on consumption (C) S= Disposable income- C Trade deficit - ....ANSWER ...-when a country's exports are less than its imports its currency held by foreigners further increases the supply of loanable funds Trade Deficit= IM(imports)-X (exports) Planned Investment Spending (IP) - ....ANSWER ...-Business purchases of plant and equipment …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1
