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For the data in the following table, the consumption function is C = 150 + 0.6(Y-1)....
For the data in the following table, the consumption function is C = 150 + 0.6(Y-T)....
For the data in the following table, the consumption function is C = 150 + 0.6(Y-T). Fill in the columns in the table: PLANNED PLANNED UNPLANNED NET DISPOSABLE CONSUMPTION INVESTMENT GOVERNMENT AGGREGATE INVENTORY OUTPUT TAXES INCOME SPENDING SAVING SPENDING PURCHASES EXPENDITURES CHANGE 1,050 50 150 200 1,550 50 200 2,050 50 150 200 150 Use your answers in the previous problem to answer the following questions: 1) How much of an increase in spending would be required to generate an...
ASSIGNMENT # 3 Actual aggregate expenditure or output (Y) (billions of $) Consumption (C) (billions of...
ASSIGNMENT # 3 Actual aggregate expenditure or output (Y) (billions of $) Consumption (C) (billions of $) Planned investment (billions of $) Government spending (G) (billions of $) Net exports (NX) (billions of $) Unplanned investment (inventory change) (billions of $) 500 300 150 100 50 600 350 700 400 800 450 900 500 For the table shown, answer the following questions: For each level of actual aggregate expenditure, calculate unplanned inventory investment. What is the equilibrium level of aggregate...
Please properly anawer 2a, b, c. And please (TYPE) everything out. DO NOT ANSWER UNLESS YOU...
Please properly anawer 2a, b, c. And please (TYPE)
everything out.
DO NOT ANSWER UNLESS YOU CAN (TYPE) EVERYTHING
OUT.
2- Suppose that the government is running a balanced budget and the value of purchases made by the government is 200. The consumption function is C 200+0.6 Y and planned investment is 100 a) If the level of aggregate output is 1000, calculate - Disposal income - Aggregate consumption - Aggregate Saving - Planned aggregate expenditure - Unplanned inventory change...
Aggregate Demand I - Work It Out Question 1 In the Keynesian cross model, assume that the consumption function is given...
Aggregate Demand I - Work It Out Question 1 In the Keynesian cross model, assume that the consumption function is given by C = $70 +0.7(Y – T) Planned investment is $200; government purchases and taxes are both $100. a. Place points A and B to graph planned expenditure as a function of income. Y=PE 1,500 1.450 1.400 1.350 1.300 1.250 1,200 1,150 1.100 1,050 9.000 950 850 Planned Expenditure 250 500 750 1,000 Income, Expenditure 1,250 1,500 b. Calculate...
Please properly answer the questions listed below. Also, please (TYPE) everything out. 3- Suppose that the...
Please properly answer the questions listed below. Also, please (TYPE) everything out. 3- Suppose that the government is running a balanced budget and the value of purchases made by the government is 200. The consumption function is C = 200 + 0.6 Yd and planned investment is 100. b) If the level of aggregate output is 1250, calculate: - Disposal income - Aggregate consumption - Aggregate Saving - Planned aggregate expenditure - Unplanned inventory change Y = C + S...
Income Determination 2,000 You are given the following data concerning Freedonia, a legendary country: • Consumption...
Income Determination 2,000 You are given the following data concerning Freedonia, a legendary country: • Consumption function: C=150 +0.75Y • Investment function: I = 150 • Aggregate expenditure function: AEC +1 • Equilibrium: AE = Y Graph the following: 1.) Using the line drawing tool draw the consumption function. Label your line 'C 2.) Using the line drawing tool, draw the aggregate expenditure function Label your line 'AE 3.) Using the point drawing tool, Identify the equilibrium level of income....
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 - $200 -...
endrid-side Equiorum: Unemployment or Inflation? 1. Aggregate expenditure and income The following table shows consumption (C),...
endrid-side Equiorum: Unemployment or Inflation? 1. Aggregate expenditure and income The following table shows consumption (C), investment (1), government purchases (G), and net exports (X-IM) in a hypothetical economy for various levels of real GDP (Y). Assume that the price level remains unchanged at all levels of income. All figures are in billions of dollars. 550 Compute total expenditure for each income level, and fill in the last column in the following table. Y c 1 G X -IM Total...
1. Refer the table below and answer the questions that follow. (4 Points) Aggregate Aggregate Aggregate...
1. Refer the table below and answer the questions that follow. (4 Points) Aggregate Aggregate Aggregate Planned Output Consumption Saving Investment ($ million) Y ($ million) ($ million) ($ million) Aggregate Expenditure AE=C+ 1,500 700 2,000 2,400 2,800 1,800 700 2,100 700 3,200 2,400 700 3,600 2,700 700 a. Fill in the table and find the equilibrium income. b. Find the MPC, MPS and the multiplier. c. If the planned investment increases by $100 million find the new equilibrium level...
2. Consider the following data table for a hypothetical economy. Aggregate Consumption Personal &n
2. Consider the following data table for a hypothetical economy. Aggregate Consumption Personal Planned Aggregate Aggregate Income Expenditure Saving Investment Expenditure Equilibrium 0 100 20 100 180 200 260 300 340 400 420 500 500 600 580 700 660 Complete the table Calculate and interpret MPC and MPS Write the equation of Consumption Function Determine the equilibrium level of Aggregate Income, Consumption Expenditure, and Personal Saving Calculate the Multiplier Calculate the change...
For the data in the following table, the consumption function is C = 150 + 0.6(Y-T). Fill in the columns in the table: PLANNED PLANNED UNPLANNED NET DISPOSABLE CONSUMPTION INVESTMENT GOVERNMENT AGGREGATE INVENTORY OUTPUT TAXES INCOME SPENDING SAVING SPENDING PURCHASES EXPENDITURES CHANGE 1,050 50 150 200 1,550 50 200 2,050 50 150 200 150 Use your answers in the previous problem to answer the following questions: 1) How much of an increase in spending would be required to generate an...
Please properly anawer 2a, b, c. And please (TYPE)
everything out.
DO NOT ANSWER UNLESS YOU CAN (TYPE) EVERYTHING
OUT.
2- Suppose that the government is running a balanced budget and the value of purchases made by the government is 200. The consumption function is C 200+0.6 Y and planned investment is 100 a) If the level of aggregate output is 1000, calculate - Disposal income - Aggregate consumption - Aggregate Saving - Planned aggregate expenditure - Unplanned inventory change...
Aggregate Demand I - Work It Out Question 1 In the Keynesian cross model, assume that the consumption function is given by C = $70 +0.7(Y – T) Planned investment is $200; government purchases and taxes are both $100. a. Place points A and B to graph planned expenditure as a function of income. Y=PE 1,500 1.450 1.400 1.350 1.300 1.250 1,200 1,150 1.100 1,050 9.000 950 850 Planned Expenditure 250 500 750 1,000 Income, Expenditure 1,250 1,500 b. Calculate...
Income Determination 2,000 You are given the following data concerning Freedonia, a legendary country: • Consumption function: C=150 +0.75Y • Investment function: I = 150 • Aggregate expenditure function: AEC +1 • Equilibrium: AE = Y Graph the following: 1.) Using the line drawing tool draw the consumption function. Label your line 'C 2.) Using the line drawing tool, draw the aggregate expenditure function Label your line 'AE 3.) Using the point drawing tool, Identify the equilibrium level of income....
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 - $200 -...
endrid-side Equiorum: Unemployment or Inflation? 1. Aggregate expenditure and income The following table shows consumption (C), investment (1), government purchases (G), and net exports (X-IM) in a hypothetical economy for various levels of real GDP (Y). Assume that the price level remains unchanged at all levels of income. All figures are in billions of dollars. 550 Compute total expenditure for each income level, and fill in the last column in the following table. Y c 1 G X -IM Total...
1. Refer the table below and answer the questions that follow. (4 Points) Aggregate Aggregate Aggregate Planned Output Consumption Saving Investment ($ million) Y ($ million) ($ million) ($ million) Aggregate Expenditure AE=C+ 1,500 700 2,000 2,400 2,800 1,800 700 2,100 700 3,200 2,400 700 3,600 2,700 700 a. Fill in the table and find the equilibrium income. b. Find the MPC, MPS and the multiplier. c. If the planned investment increases by $100 million find the new equilibrium level...
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