Homework Answers
Answer
Y=C+I+G+NX
Y=1500+0.9Y+1250+1250+500
0.1Y=4500
Y=45000
the equilibrium GDP is $45000 million
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Score: 85 Ster A.2 Find equilibrium GDP using the following macroeconomic model (the numbers, with the...
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End of Chapter A.3 Consider the macroeconomic model shown below: C = 750 +0.50Y 1 = 2.000 G = 1,500 NX = 100 Y=C+I+G+ NX Consumption function Planned investment function Government spending function Net export function Equilibrium condition Fill in the following table. (Enter your responses as integers.) Aggregate Expenditures (AE) GDP 4.350 Unplanned Change in Inventories 13.050 Enter your answer in the edit fields and then click Check Answer All parts showing Clear Al Check And
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Use the following macroeconomic model to answer questions from Q1 through Q11: C 115 + 0.75Yd,...
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Given the following information for the Macro Economy answer the following questions. In this economy we...
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Use the following macroeconomic model structure to answer the questions followed. 8 pts C = 300...
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Answer all parts to get a good rating otherwise I will report you. Thank you for...
Answer all parts to get a good rating otherwise I will report you.
Thank you for your help.
Part 1.
Part 2.
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. Consumption Govemment Real GDP,...
End of Chapter A.3 Consider the macroeconomic model shown below: C = 750 +0.50Y 1 = 2.000 G = 1,500 NX = 100 Y=C+I+G+ NX Consumption function Planned investment function Government spending function Net export function Equilibrium condition Fill in the following table. (Enter your responses as integers.) Aggregate Expenditures (AE) GDP 4.350 Unplanned Change in Inventories 13.050 Enter your answer in the edit fields and then click Check Answer All parts showing Clear Al Check And
UUUIU. U UW PL 21 of 22 (19 complete) HW Scor End of Chapter A.3 Consider the macroeconomic model shown below: C = 750 + 0.50Y 1 = 2,000 G = 1,500 NX = 100 Y=+I+G+ NX Consumption function Planned investment function Government spending function Net export function Equilibrium condition Fill in the following table. (Enter your responses as integers.) Aggregate Expenditures (AE) Unplanned Change in Inventories GDP $4,350 $13,050 Enter your answer in the edit fields and then click...
Use the following macroeconomic model to answer questions from Q1 through Q11: C 115 + 0.75Yd, where C = Consumption function; Yd (Y-T-Disposable income I 150; Investment G-200; G Government expenditure T-100; T = Tax revenue 40; X = Export M = 30; M-Import Also assume that Yf Full employment GDP (potential GDP) 2,000 a1. Estimate the equilibrium GDP level (income, Ye). Q2. Estimate the level of aggregate consumption (C) Q3. Estimate the level of aggregate saving (S) Q4. The...
decrease in personal taxes from $100 billion to 580 billion will increase real GDP 11. If the MPC -0.75, a decrease in person by A) $20 billion. B) $40 billion. C) $60 billion. D) $80 billion. Table 10.1 Consumption C - $1.0+ 0.80YD Investment $1.5 Government purchases $2.2 Net exports Taxes Government transfer payments $0 (all values are in billions of dollars) 2, 12. Refer to Table 10.1. Equilibrium real GDP for this economy is equal to A) $5.75 billion....
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...
Answer all parts to get a good rating otherwise I will report you.
Thank you for your help.
Part 1.
Part 2.
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. Consumption Govemment Real GDP,...
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