Homework Answers
The marginal propensity to consume at all levels is (4900-4200)/(7000-6000) = 700/1000 = 0.70
So C1 = 4900+0.70*(8000-7000) = 4900+700 = 5600
The correct option is B.
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QUESTION 13 Fill in the missing values in the following table. Real GDP (Y) Consumption (C)...
Fill in the missing values in the following table. Assume that the value of the MPC...
Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as integers) Real GDP (Y) $8,000 $9,000 $10,000 $11,000 $12,000 Consumption (C) $4,800 $5,400 $ 6,000 $ 6,600 $ 7,200 Planned Investment (U) $800 $800 $800 $800 $800 Government Purchases (G) $1,200 1,200 1,200 1,200 1,200 Net Exports (NX) - $200 - $200 - $200 - $200 -...
is to Complete the following table which depicts a hypothetical economy in which the marginal propensity...
is to Complete the following table which depicts a hypothetical economy in which the marginal propensity to save is constant at all levels of real GDP investment spending is autonomous, and there is no government. Note: Enter whole numbers and use the minus sign where needed. Real GDP Consumption Investment Saving $ - 500 $0 2000 4000 6000 8000 10000 $500 2000 3500 5000 6500 8000 $1500 1500 1500 1500 500 1000 1500 2000 1500 1500 This economy's marginal propensity...
Fill in the missing values in the following table. Assume that the value of the MPC LOADING... does not change as real...
Fill in the missing values in the following table. Assume that the value of the MPC LOADING... does not change as real GDP changes and that there are zero taxes. (Enter all values as integers.) Real GDP (Y) Consumption (C) Planned Investment (I) Government Purchases (G) Net Exports (NX) $8 comma 0008,000 $4 comma 0004,000 $800 $1 comma 2001,200 minus−$200200 $9 comma 0009,000 $4 comma 5004,500 $800 1 comma 2001,200 minus−$200200 $10 comma 00010,000 $nothing $800 1 comma 2001,200 minus−$200200...
4. Computing GDP using the expenditure approach The following table shows data on consumption, investment, exports,...
4. Computing GDP using the expenditure approach The following table shows data on consumption, investment, exports, imports, and government purchases for the United States in 2007, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP Components Consumption (C) Investment (I) Exports (EX) Imports (IM) Net exports of goods and services (NX) Government purchases (G) Gross domestic product (GDP) $9,734.20 $2,125.40 $1,643.00 $2,351.00...
1) The following information were taken from the Economic Data of a country Gragea: CONSUMPTION ---...
1) The following information were taken from the Economic Data of a country Gragea: CONSUMPTION --- $2000, INVESTMENT .. $3200, GOVERNMENT SPENDING-- $5000, EXPORTS-- $9000, Imports--- $3000, NET EXPORTS - $6000 AND Money from Abroad but own by citizens of Gragea - $4000, and Consumtion Allowance (Depreciation) = $1000, CALCULATE : A) WHAT IS THE GDP? B) GNP? C) Net GDP? D) Net GNP?
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2018, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 13,948.5 3,650.1 2,531.3...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2017, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) Data (Billions of dollars) 13,321.4 3,368.0 2,350.2...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment,...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
The table shows real? GDP, Y?, consumption? expenditure, C?, ?investment, I?, government expenditure on goods and?...
The table shows real? GDP,
Y?,
consumption? expenditure,
C?,
?investment,
I?,
government expenditure on goods and? services,
G?,
?exports,
X?,
?imports,
M?,
and aggregate planned? expenditure, and
AE?,
in millions of dollars. Taxes are constant.
If investment crashes to? $0.55 trillion but nothing else?
changes, what is equilibrium expenditure and
what is the? multiplier?
Homework: Chapter 14 Save Score: 0 of 1 pt 17 of 25 (19 complete) HW Score: 76%, 19 of 25 pts Chapter Problem5 Question Help *...
Real GDP Planned Government Net Aggregate Consumption Investment Purchases Exports Expenditures $2,000 $1,600 $250 $250 $100...
Real GDP Planned Government Net Aggregate Consumption Investment Purchases Exports Expenditures $2,000 $1,600 $250 $250 $100 2,500 2,000 250 250 100 3,000 2,400 250 250 100 3,500 2,800 250 250 100 If potential GDP is $4,000 billion, how much should government spending increase so that the economy can move to the full employment level of GDP? (Hint: multiplier effect) $100 O $300 $200 $400 O C DOLL
Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as integers) Real GDP (Y) $8,000 $9,000 $10,000 $11,000 $12,000 Consumption (C) $4,800 $5,400 $ 6,000 $ 6,600 $ 7,200 Planned Investment (U) $800 $800 $800 $800 $800 Government Purchases (G) $1,200 1,200 1,200 1,200 1,200 Net Exports (NX) - $200 - $200 - $200 - $200 -...
is to Complete the following table which depicts a hypothetical economy in which the marginal propensity to save is constant at all levels of real GDP investment spending is autonomous, and there is no government. Note: Enter whole numbers and use the minus sign where needed. Real GDP Consumption Investment Saving $ - 500 $0 2000 4000 6000 8000 10000 $500 2000 3500 5000 6500 8000 $1500 1500 1500 1500 500 1000 1500 2000 1500 1500 This economy's marginal propensity...
4. Computing GDP using the expenditure approach The following table shows data on consumption, investment, exports, imports, and government purchases for the United States in 2007, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP Components Consumption (C) Investment (I) Exports (EX) Imports (IM) Net exports of goods and services (NX) Government purchases (G) Gross domestic product (GDP) $9,734.20 $2,125.40 $1,643.00 $2,351.00...
1) The following information were taken from the Economic Data of a country Gragea: CONSUMPTION --- $2000, INVESTMENT .. $3200, GOVERNMENT SPENDING-- $5000, EXPORTS-- $9000, Imports--- $3000, NET EXPORTS - $6000 AND Money from Abroad but own by citizens of Gragea - $4000, and Consumtion Allowance (Depreciation) = $1000, CALCULATE : A) WHAT IS THE GDP? B) GNP? C) Net GDP? D) Net GNP?
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2018, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) 13,948.5 3,650.1 2,531.3...
4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2017, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Consumption (C) Investment (I) Exports (X) Imports (M) Net Exports of Goods and Services Government Purchases (G) Gross Domestic Product (GDP) Data (Billions of dollars) 13,321.4 3,368.0 2,350.2...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
The table shows real? GDP,
Y?,
consumption? expenditure,
C?,
?investment,
I?,
government expenditure on goods and? services,
G?,
?exports,
X?,
?imports,
M?,
and aggregate planned? expenditure, and
AE?,
in millions of dollars. Taxes are constant.
If investment crashes to? $0.55 trillion but nothing else?
changes, what is equilibrium expenditure and
what is the? multiplier?
Homework: Chapter 14 Save Score: 0 of 1 pt 17 of 25 (19 complete) HW Score: 76%, 19 of 25 pts Chapter Problem5 Question Help *...
Real GDP Planned Government Net Aggregate Consumption Investment Purchases Exports Expenditures $2,000 $1,600 $250 $250 $100 2,500 2,000 250 250 100 3,000 2,400 250 250 100 3,500 2,800 250 250 100 If potential GDP is $4,000 billion, how much should government spending increase so that the economy can move to the full employment level of GDP? (Hint: multiplier effect) $100 O $300 $200 $400 O C DOLL
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