The answer is $2000.
Concept Question 3.5 In a simple economy (assume there are no taxes, thus Y is disposable...
In a simple economy (assume there are no taxes, thus Y is disposable income). the consumption function is: C = 200 +0.75Y. Investment is equal to 300. In this economy, equilibrium GDP is $ (Round your answer to the nearest dollar.) Planned Real Consumption and Investment 400 0 400 300 1200 1800 2000 2400 2800 Real GDP per Year
In a simple economy (assume there are no taxes, thus Y is disposable income). the consumption function is C = 200 +0.75Y. Investment is equal to 200. In this economy, equilibrium GDP is $ 1,600. (Round your answer to the nearest dollar) 1.) Using the point drawing tool, on the graph to the right, indicate the real GDP point that you found above. Label the point 'E. 2) Using the line drawing tool, carefully graph the consumption plus investment line....
4. In a simple economy (assume there are no taxes; thus, Y is disposable income), the consumption function is: C = 500+ 0.80Y. The current level of real GDP is $5000. At this level of real GDP, consumption will be $ $1000, consumption would increase by $ and savings will be $ If GDP were to increase by (Round your responses to the nearest dollar.) , and the average propensity to save is At a real GDP level of $5000,...
In a simple economy (assume there are no taxes, thus Y is disposable income) the consumption function is C = 400 +0.75Y 2800- In this economy, the level of income at which the consumer breaks even (consumption equals income) is 24004 20004 1.) Using the point drawing tool, identify the breakeven income/consumption point that you found above 2) Using the line drawing tool, carefully graph the consumption function Properly label your line. Carefully follow the instructions above, and only draw...
QUESTION 7 1 pc Assume C 50+.80yd (disposable income); Taxes GDP (V)? (Hint: Yd = Y - Taxes) 10; Investment - 30: Goverment - 20: Exports 16; and Imports - 20. What is the O a 200 26.400 c. 405 d. 435 QUESTION 8 From the question above, C (consumption) is equal to 360 390 O 414 OO QUESTION 9 Use the following table to find the MPC and MPS: SA NI Answ QUESTION 9 Ube the following table to...
In a simple economy, the savings function is Upper S equals negative 200 plus 0.20 Upper Y. Investment is equal to 500. In this economy, equilibrium GDP is $ nothing. (Round your answer the nearest dollar.)
In a simple economy, the savings function is S = - 300+ 0.10Y. Investment is equal to 400. In this economy, equilibrium GDP is $ - (Round your answer the nearest dollar.)
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...
1. If disposable income is 4,000, consumption is 3,500, government spending is 1,000, and taxes minus transfers are 800, national saving is equal to: a. 300. b. 500. c. 700. d. 1,000. 2. Assume that equilibrium GDP (Y) is 5,000. Consumption (C) is given by the equation C= 500 + 0.6Y. Investment (I) is given by the equation I= 2,000 – 100r, where r is the real interest rate in percent. No government exists. In this case, the equilibrium real...
The table below depicts the consumption schedule for an economy. Assume there are no taxes in this economy Disposable Income and Consumption Disposable Inc Consumption (dollars) (dollars) $0 $25,000 10,000 20,000 30,000 40.000 40,000 45,000 50,000 60.000 References Instructions: Use the tool provided 'C' to plot the consumption line point by point points total). Use the tool Equilibrium' to graph where consumption equals disposable income, plot the equilibrium line point by point use each disposable income entry in the table...