Homework Answers
Now, when the level of output is 320, APS is equal to 0.04. So, option B is incorrect.
When the level of output is 360, APC is equal to 0.94. So, option C is correct.
when the level of output is 300, MPC is equal to 0.8. So, option D is incorrect.
Hence, the correct answer is option C.
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QUESTION 24 Given the table below which of the following statements is TRUE? Consumption...
QUESTION 24 Given the table below which of the following statements is TRUE? Consumption Savings MPC...
QUESTION 24 Given the table below which of the following statements is TRUE? Consumption Savings MPC MPS APC APS Level of output 240 -4 260 0 280 4 300 8 320 12 16 340 360 20 380 24 400 28 A. Equilibrium is obtained when the level of output is 280 When the level of output is 320 APS is equal to 0,375 C. When the level of output is 360 APC is 0.94 D. When the level of output...
The following table provides data for output (real GDP) and saving. a. Fill in the missing...
The following table provides data for output (real GDP) and saving. a. Fill in the missing numbers (gray-shaded cells) in the table. Instructions: In the table, round your answers to 3 decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Level of Output and Income (GDP = DI) Level output and consumption Saving Saving APC APC APS APS 8 $240 260 280 300 320 340 360 380...
Assuming the level of investment is $16 billion and independent of the level of total output,...
Assuming the level of investment is $16 billion and independent of the level of total output, complete the following table and determine the equilibrium levels of output and employment in this private closed economy. What are the sizes of the MPC and MPS? Be sure to answer both parts of the question—fill in the data and compute the MPC and MPS. Possible levels of employment (millions) Real domestic output (GDP=DI) (billions) Consumption (billions) Saving (billions) 40 45 50 55 60...
4. Given the following income, spending and savings data, please answer the questions below: Disposable Income (DI)...
4. Given the following income, spending and savings data, please answer the questions below: Disposable Income (DI) Consumption (C) Savings (S) $ 0 $ 1000 $ 5000 $ 5000 $10000 $15000 $20000 $ 9000 $13000 $17000 a. Solve for savings at each level of disposable income (DI). b. Solve for the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) between each disposable income level. d. Solve for the average propensity to consumer (APC) and the average...
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...
Refer to the information provided in Table 8.1 below to answer the questions that follow. Table 8.1 1) Refer to Tab...
Refer to the information provided in Table 8.1 below to answer the questions that follow. Table 8.1 1) Refer to Table 8.1. Society's MPC is a) 0.80. b) 0.05. c) 0.90. d) 0.95. 2) Refer to Table 8.1. Society's MPS is a) 0.05. b) 0.10. c) 0.95. d) 0.20. 3) Refer to Table 8.1. At an aggregate income level of $100, aggregate saving would be a) -$70. b) $70. c) $50. d) -$30. Refer to the information provided in Figure...
1. (35 pts) Specific fuel consumption rate curves are given for three different engines: A, B...
1. (35 pts) Specific fuel consumption rate curves are given for three different engines: A, B and C. Power and Torque curves for Engine 'B' are also given at Page 3. Please answer the following questions for Engine 'B'. a) (5 pts) Find the power and torque when it runs at the engine rpm of minimum specific fuel consumption rate. b) (5 pts) Find the torque and specific fuel consumption rate when it runs at the engine rpm of maximum...
Consider the following information on aggregate income, consumption expenditure, and planned investment for a country: nu,...
Consider the following information on aggregate income, consumption expenditure, and planned investment for a country: nu, no Aggregate Output/income $1,800 2,000 2200 2,400 2,600 2.800 3,000 3.200 Consumption $1,800 1,950 2,100 2.250 2.400 2.550 2,700 2.850 Planned Investment $200 200 200 200 200 200 200 nud indo jes, ced roduc When aggregate income is $3,000, O A. saving is $40 and unplanned investment (inventory change) is $100. OB. saving is $300 and unplanned investment (inventory change) is $100. OC. saving...
QUESTION 7 Refer to the information provided in Table &.4 below to answer the questions that...
QUESTION 7 Refer to the information provided in Table &.4 below to answer the questions that fallow. Table 84 All Figures in Billions of Dollars Aggregate Output Aggregate Consumption Planned Investment 100 160 20 200 240 20 20 300 320 400 400 20 500 480 20 Refer to Table 8.4. At an aggregate output level of $200 billian, planned expenditure equals O $160 billion. O $220 billion. O $260 billion. O $410 billion. QUESTION & AE Refer to the informotion...
need help Question 9 (1 point) Use the figure below to answer the following questions. Price...
need help
Question 9 (1 point) Use the figure below to answer the following questions. Price level (GDP dellotor, 2007- 100 LAS 110 SAS 100 320 360 400 440 480 520 Real GDP billions of 2007 dollars) Figure 10.3.1 Refer to Figure 10.3.1. As the economy automatically adjusts to long-run equilibrium, the A) SAS curve shifts leftward. O B) AD curve shifts rightward. OC) AD curve shifts leftward. OD SAS curve shifts rightward. O E ) LAS curve shifts leftward....
QUESTION 24 Given the table below which of the following statements is TRUE? Consumption Savings MPC MPS APC APS Level of output 240 -4 260 0 280 4 300 8 320 12 16 340 360 20 380 24 400 28 A. Equilibrium is obtained when the level of output is 280 When the level of output is 320 APS is equal to 0,375 C. When the level of output is 360 APC is 0.94 D. When the level of output...
The following table provides data for output (real GDP) and saving. a. Fill in the missing numbers (gray-shaded cells) in the table. Instructions: In the table, round your answers to 3 decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Level of Output and Income (GDP = DI) Level output and consumption Saving Saving APC APC APS APS 8 $240 260 280 300 320 340 360 380...
4. Given the following income, spending and savings data, please answer the questions below: Disposable Income (DI) Consumption (C) Savings (S) $ 0 $ 1000 $ 5000 $ 5000 $10000 $15000 $20000 $ 9000 $13000 $17000 a. Solve for savings at each level of disposable income (DI). b. Solve for the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) between each disposable income level. d. Solve for the average propensity to consumer (APC) and the average...
1. (35 pts) Specific fuel consumption rate curves are given for three different engines: A, B and C. Power and Torque curves for Engine 'B' are also given at Page 3. Please answer the following questions for Engine 'B'. a) (5 pts) Find the power and torque when it runs at the engine rpm of minimum specific fuel consumption rate. b) (5 pts) Find the torque and specific fuel consumption rate when it runs at the engine rpm of maximum...
Consider the following information on aggregate income, consumption expenditure, and planned investment for a country: nu, no Aggregate Output/income $1,800 2,000 2200 2,400 2,600 2.800 3,000 3.200 Consumption $1,800 1,950 2,100 2.250 2.400 2.550 2,700 2.850 Planned Investment $200 200 200 200 200 200 200 nud indo jes, ced roduc When aggregate income is $3,000, O A. saving is $40 and unplanned investment (inventory change) is $100. OB. saving is $300 and unplanned investment (inventory change) is $100. OC. saving...
QUESTION 7 Refer to the information provided in Table &.4 below to answer the questions that fallow. Table 84 All Figures in Billions of Dollars Aggregate Output Aggregate Consumption Planned Investment 100 160 20 200 240 20 20 300 320 400 400 20 500 480 20 Refer to Table 8.4. At an aggregate output level of $200 billian, planned expenditure equals O $160 billion. O $220 billion. O $260 billion. O $410 billion. QUESTION & AE Refer to the informotion...
need help
Question 9 (1 point) Use the figure below to answer the following questions. Price level (GDP dellotor, 2007- 100 LAS 110 SAS 100 320 360 400 440 480 520 Real GDP billions of 2007 dollars) Figure 10.3.1 Refer to Figure 10.3.1. As the economy automatically adjusts to long-run equilibrium, the A) SAS curve shifts leftward. O B) AD curve shifts rightward. OC) AD curve shifts leftward. OD SAS curve shifts rightward. O E ) LAS curve shifts leftward....
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