Homework Answers
(Question 1) Option (2)
Y = C + I + G + NX
When G = 40 - 4 = 40,
When Y = 240, (C + I + G + NX) = 170 + 54 + 40 - 24 = 240 = Y
(Question 2) Option (3)
When Y = 240
AE = C + I + G + NX = 170 + 54 + 44 - 24 = 244
Real GDP с G 250 177 44 54 54 240 170 44 NX -25 -24 -23...
Real GDP с G 250 177 44 54 54 240 170 44 NX -25 -24 -23 -20 230 163 54 14 200 142 54 44 100 72 54 44 - 10 The above table shows the real aggregate expenditure schedule at a given price level (that is, in constant dollars). C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. Consumption and import are linear functions of real GDP (that is, their slopes are...
Table 12-2 Real GDP Consumption Planned Investment Government Purchases Net Exports $2,000 $1,600 $250 $250 $100...
Table 12-2 Real GDP Consumption Planned Investment Government Purchases Net Exports $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 Refer to Table 12-2. Using the table above, A-compute aggregate expenditure B- identify the macroeconomic equilibrium.
Table Real GDP Consumption Investment Government Purchases Net Exports 1 $4,000 $2,800 $550 $600 $250 2...
Table Real GDP Consumption Investment Government Purchases Net Exports 1 $4,000 $2,800 $550 $600 $250 2 4,500 3,200 550 600 250 3 5,000 3,600 550 600 250 4 5,500 4,000 550 600 250 16) Refer to Table. Using the table above, compute aggregate expenditure for each row and identify at which row we have the macroeconomic equilibrium. A) Row 1 B) Row 2 C) Row 3 D) Row 4
Table 2-4 Gov't Real GDP Consumption InvestmentPurchases Net Exports NX $100 100 100 100 $1,600 2,000...
Table 2-4 Gov't Real GDP Consumption InvestmentPurchases Net Exports NX $100 100 100 100 $1,600 2,000 $2,000 2,500 3,000 3,500 $350 350 350 350 $250 250 250 250 efer to Table 2-4 above. What is the equilibrium real GDP, Y, in this economy? A) $2,500 B) $2,000. C) $3,500 D) $3,000
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 *...
The table below shows the annual consumption expenditure (C) and output (Y) for a developing nation....
The table below shows the annual consumption expenditure (C) and output (Y) for a developing nation. We assume that there are no taxes, so disposable income (DI) is the same as income (Y). Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. What is the value of autonomous consumption for this economy? $ __________ b. What is the equilibrium...
Macroecomics multiple choice a) Other things constant, if the government cuts the net tax rate, lowering NT from NT = t...
Macroecomics multiple
choice
a) Other things constant, if the government cuts the net tax rate, lowering NT from NT = tọY to NT = t,Y we would expect: an upward shift of the aggregate expenditure curve an increase in the slope the aggregate expenditure curve. a movement down and along the aggregate expenditure curve. O a decrease in the slope of the aggregate expenditure curve b) In an open economy with imports described by the import function: IM 0.25Y and...
Suppose you have the following information about a fictitious economy. Assume there are no taxes in...
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...
Answer all parts to get a good rating otherwise I will report you. Thanks so much....
Answer all parts to get a good rating otherwise I will report you.
Thanks so much.
Forget #3. Answer #4 and 5. Thanks
Consumption Govemment Real GDP, Y expenditure, C Investment, I expenditure, G Exports, X Imports, M (billions of 2000 (billions of 2000 (billions of 2000 (billions of 2000 (bilions of(bions of dollars) 2000 dollars) 2000 dollars) dollars) dollars) dollars) 100 100 100 100 100 100 100 100 100 100 100 100 400 600 800 1,000 90 110 130...
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,...
Real GDP с G 250 177 44 54 54 240 170 44 NX -25 -24 -23 -20 230 163 54 14 200 142 54 44 100 72 54 44 - 10 The above table shows the real aggregate expenditure schedule at a given price level (that is, in constant dollars). C is consumption expenditure, I is investment, G is government purchases, and NX is net exports. Consumption and import are linear functions of real GDP (that is, their slopes are...
Table 2-4 Gov't Real GDP Consumption InvestmentPurchases Net Exports NX $100 100 100 100 $1,600 2,000 $2,000 2,500 3,000 3,500 $350 350 350 350 $250 250 250 250 efer to Table 2-4 above. What is the equilibrium real GDP, Y, in this economy? A) $2,500 B) $2,000. C) $3,500 D) $3,000
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 *...
Macroecomics multiple
choice
a) Other things constant, if the government cuts the net tax rate, lowering NT from NT = tọY to NT = t,Y we would expect: an upward shift of the aggregate expenditure curve an increase in the slope the aggregate expenditure curve. a movement down and along the aggregate expenditure curve. O a decrease in the slope of the aggregate expenditure curve b) In an open economy with imports described by the import function: IM 0.25Y and...
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...
Answer all parts to get a good rating otherwise I will report you.
Thanks so much.
Forget #3. Answer #4 and 5. Thanks
Consumption Govemment Real GDP, Y expenditure, C Investment, I expenditure, G Exports, X Imports, M (billions of 2000 (billions of 2000 (billions of 2000 (billions of 2000 (bilions of(bions of dollars) 2000 dollars) 2000 dollars) dollars) dollars) dollars) 100 100 100 100 100 100 100 100 100 100 100 100 400 600 800 1,000 90 110 130...
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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