Question
Answer all parts to get a good rating otherwise I will report you. Thank you for your help.

Part 1.
Disposable income (trillions of 2000 dollars) 0.0 1.0 2.0 3.0 Consumption expenditure (trillions of 2000 dollars) 0.8 1.6 2.4 3.2 4.0 2) The above table has data on the consumption function in the nation of Mojo. 2) What is the amount of autonomous consumption expenditure? What is the marginal propensity to consume? a. b.

Part 2.

Consumption Govemment Real GDP, Y expenditure, C Investment, I expenditure, G Exports, X Imports, M (billions of 2000 billions of 2000 (billions of 2000 (billions of 2000 (billions of (billions of dollars) 2000 dollars) 2000 dollars) dollars) 200 400 600 800 1,000 1,200 1,400 1,600 1,800 dollars) 260 420 580 740 900 1,060 1,220 1,380 1,540 dollars) 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 70 90 110 130 150 170 190 210 230 3) The above table gives information for the nation of East Hampton. 3) a. Find aggregate planned expenditure for each level of real GDP b. What is the MPC? c. What is the equilibrium level of real GDP

0 0
Add a comment Improve this question Transcribed image text
Answer #1

aset a) Auto iacae 206 enatby its censu toke 凸 3.2-24 2-2 DY Mpc​​​​​​A u 1. 23 니나이 580 ーーーチ80-4-60 20 부 740t loo t lob t (SP-130) =900 1an 1oCo 420-140 a.o NOSUNDAY 27 JANUARY 2019 ISTRAT an di 0001 ogs 6s700O 93N

Add a comment
Know the answer?
Add Answer to:
Answer all parts to get a good rating otherwise I will report you. Thank you for...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Answer all parts to get a good rating otherwise I will report you. Thanks so much....

    Answer all parts to get a good rating otherwise I will report you. Thanks so much. Forget #3. Answer #4 and 5. Thanks Consumption Govemment Real GDP, Y expenditure, C Investment, I expenditure, G Exports, X Imports, M (billions of 2000 (billions of 2000 (billions of 2000 (billions of 2000 (bilions of(bions of dollars) 2000 dollars) 2000 dollars) dollars) dollars) dollars) 100 100 100 100 100 100 100 100 100 100 100 100 400 600 800 1,000 90 110 130...

  • . YOU ARE GIVEN THE FOLLOWING INFORMATION ABOUT THE ECONOMY OF ENGLAND. PLEASE ANSWER QUESTIONS A...

    . YOU ARE GIVEN THE FOLLOWING INFORMATION ABOUT THE ECONOMY OF ENGLAND. PLEASE ANSWER QUESTIONS A THROUGH C AND SHOW ALL WORK AND CALCULATIONS BELOVW DISPOSABLE INCOME CONSUMPTION (BILLIONS OF DOLLARS PER YEAR) $200 $100 S20 S30 $40 S360 $440 S520 A CALCULATE THE MARGINAL PROPENSITY TO CONSUME(MPC) AT EACH LEVEL OF DISPOSABLE INCOME AND CONSUMPTION LEVEL. INTERPET WHAT THE MPC NUMBER YO CALCULATED MEANS TO YO B. CALCULATE SAVINGS AT EACH LEVEL OF DISPOSABLE INCOME AND CONSUMPTION LEVEL. c....

  • Please answer all parts of the question. If you do them all I will give you...

    Please answer all parts of the question. If you do them all I will give you a good rating if not I will report you. Answer like it was an exam. Do all parts please. Thank you. Answer all parts to get good rating. SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. expenditure (trillions of 2000 dollars) I5 12 45 line AE 0 3 692 Real GDP (trillions of 2000 dollars) 1)...

  • Would someone explain to me how to get the answers, please. I need the graphs plotted,...

    Would someone explain to me how to get the answers, please. I need the graphs plotted, the blue box answer, and the fill in the blanks answered. Below are the options. Options for the first graph it says: From the preceding data, you know that the level of saving in the economy was ($140 billion, $20 billion, $0 billion, $100 billion) and the marginal propensity to save in the economy is (0.6, 0.8, 0.1, 0.2) Options for the second graph...

  • Time Remaining:00:58:37 Sut estion: 1 pt 4 of 20 (0 completo) This Quiz: 20 pts You...

    Time Remaining:00:58:37 Sut estion: 1 pt 4 of 20 (0 completo) This Quiz: 20 pts You are given the following data about an economy that has a fixed price level, no imports, and no taxes. Disposable Consumption income expenditure (billions of dollars per year) Calculate the multiplier. The multiplier is 80 100 200 155 230 305 Calculate the increase in real GDP when autonomous spending increases by $5 billion. Why does real GDP increase by more than $5 billion? The...

  • Suppose you have the following information about a fictitious economy. Assume there are no taxes in...

    Suppose you have the following information about a fictitious economy. Assume there are no taxes in this economy. Disposable Income and Consumption Disposable Income Consumption dollars) (dollars) $e $7,000 10,500 14,000 21,880 21,000 31,589 28,000 42,880 1 35,000 52,500 42,000 Instructions: In parts a and c, enter your answers as a whole number. In part b, round your answers to two decimal places. a. What is the equilibrium level of consumption? S b. What is the MPC and MPS for...

  • Consider the following numerical example of the simple Keynesian model: C = 420 +.6YD IP =...

    Consider the following numerical example of the simple Keynesian model: C = 420 +.6YD IP = 90 G= 100 T= 100 NX = 50 where YD = disposable income (Income minus net taxes) T = net taxes i.e., taxes minus transfers) Assume that all of the above variables are measured in billions of dollars per year, and refer to real variables (i.e. adjusted for any inflation that might be happening). For example, the equation for consumption tells us that real...

  • 10.) An economy has a marginal propensity to consume and Y* , income-expenditure equilibrium GDP,...

    10.) An economy has a marginal propensity to consume and Y* , income-expenditure equilibrium GDP, equals $500 billion. Given an autonomous increase in plannėd investment of $10 billion, show the rounds of increased spending that take place by completing the accompanying table. The first and second rows are filled in for you. In the first row the increase of planned investment spending of $10 billion raises real GDP and YD by $10 billion, leading to an increase in consumer spending...

  • 1. Aggregate expenditure and income The following table shows consumption (C), investment (I), government purchases (G),...

    1. Aggregate expenditure and income The following table shows consumption (C), investment (I), government purchases (G), and net exports (X−IM) in a hypothetical economy for various levels of real GDP (Y). Assume that the price level remains unchanged at all levels of income. All figures are in billions of dollars. Compute total expenditure for each income level, and fill in the last column in the following table. Y C I G X−IM Total Expenditure 500 300 150 200 -100 600...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT