Homework Answers
Ans) the correct option is c) greater than
When real gdp = 100 billion, aggregate expenditure = 90+ 40 + 20 + 120 - 20 = 250
Ans) the correct option is a) decrease ; increase
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The table gives real GDP (Y) and its components in billions of dollars. A B E...
G ov ernment Consumption Real GDP, Y (billions of 2005 dollars) Investment, I (billions of expenditure,...
G ov ernment Consumption Real GDP, Y (billions of 2005 dollars) Investment, I (billions of expenditure, G (billions of expenditure, C lions of (bil 2005 dollars) 2005 dollars) 2005 dollars) 20 25 30 35 10 14 18 tion. When real GDP is $15 billion, fims inventories experience an unplanned Real (bill 2005 The above table contains information about the nation of Syldavia There are no income taxes or imports in this nation. When real GDP is O A. decrease of...
The graph models an economy in equilibrium with a real GDP of $180 billion. Suppose that...
The graph models an economy in equilibrium with a real GDP of $180 billion. Suppose that consumers' expectations about future incomes change, causing unplanned inventory investment to increase by $30 billion. Shift the planned agregate expenditure (AE) line to show the effect of this change. Planned aggregate spending (billions of dollars) 0 30 240 270 300 60 90 120 150 180 210 Real GDP billions of dollars) Planned aggregate spendin 0 30 60 90 120 150 180 210 Real GDP...
Possible Levels of Employment, In Millions Real Domestic Output, Billions Consumption, Billions Savings, Billion 35 230...
Possible Levels of Employment, In Millions Real Domestic Output, Billions Consumption, Billions Savings, Billion 35 230 239 -9 40 250 255 -5 45 270 271 -1 50 290 287 3 55 310 303 7 60 330 319 11 65 350 335 15 70 370 351 19 75 390 367 23 Saving, Billions a. Using the above consumption and saving data and assuming investment is $15 billion, what are saving and planned investment at the $370 billion level of domestic output?...
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...
Table 27.3.1 The following table shows the relationship between aggregate planned expenditure and real GDP in...
Table 27.3.1 The following table shows the relationship between aggregate planned expenditure and real GDP in the hypothetical economy of Econoworld. Real GDP (billions of 2007 dollars) Aggregate planned expenditure (billions of 2007 dollars) 100 260 420 580 740 200 400 600 800 18) Refer to Table 27.3.1. If investment increases by $25 billion, the real GDP becomes A) $525 billion. B) $625 billion. C) $725 billion D) $600 billion. E) $675 billion.
decrease in personal taxes from $100 billion to 580 billion will increase real GDP 11. If...
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....
4. The following table contains hypothetical information about real GDP (billions of dollars) and the price...
4. The following table contains hypothetical information about real GDP (billions of dollars) and the price level index (P): AD P SRAS $270 160 $330 290 140 310 310 120 290 330 100 270 350 80 250 a. Plot the data in an aggregate demand/aggregate supply diagram. What is the current equilibrium level of real GDP? The price level? b. What is the current value of nominal GDP? c. Suppose the level of full-employment real GDP is $320 billion. Add...
1. 2. During 2013, a country reported that its real GDP increased by $3.0 billion. If...
1.
2.
During 2013, a country reported that its real GDP increased by $3.0 billion. If the slope of its aggregate planned expenditure curve is 0.9, then which of the following might have led to the increase in real GDP? Exports increased by $0.3 billion. Exports decreased by $0.3 billion. Investment decreased by $0.3 billion. o Imports increased by $0.3 billion. Government expenditure on goods and services increased by $3 billion. During 2013, exports increase from $1.0 trillion to $1.5...
The following table shows the relationship between aggregate planned expenditure and real GOP in the hypothetical...
The following table shows the relationship between aggregate planned expenditure and real GOP in the hypothetical economy of Econoworld Real GDP bbons of 2007 dollars) Aggregate planned expenditure (billions of 2007 dollars) 100 200 300 420 1131 The level GPS 580 740 Ол ееn O Canadians' Wealth Rises Canadian net saving in the first quarter of 2017 was 522 billion Holdings of financial assets increased by 5162 bilion and the value of shares in corporations increased by $113 billion Explain...
EXERCISE 1:TRUE OR FALSE 1. If the dollar appreciates relative to foreign currencies, we would expect...
EXERCISE 1:TRUE OR FALSE 1. If the dollar appreciates relative to foreign currencies, we would expect a country's net exports to fall. If government decreases its purchases by $20 billion and the MPC is 0.8, equilibrium GDP will decrease by $100 billion. When a private closed economy is at equilibrium, then (GDP-C) is equal to planned investment. If planned investment is larger than saving, then real GDP will increase as the economy adjusts toward equilibrium. 5. Positive net exports increase...
G ov ernment Consumption Real GDP, Y (billions of 2005 dollars) Investment, I (billions of expenditure, G (billions of expenditure, C lions of (bil 2005 dollars) 2005 dollars) 2005 dollars) 20 25 30 35 10 14 18 tion. When real GDP is $15 billion, fims inventories experience an unplanned Real (bill 2005 The above table contains information about the nation of Syldavia There are no income taxes or imports in this nation. When real GDP is O A. decrease of...
The graph models an economy in equilibrium with a real GDP of $180 billion. Suppose that consumers' expectations about future incomes change, causing unplanned inventory investment to increase by $30 billion. Shift the planned agregate expenditure (AE) line to show the effect of this change. Planned aggregate spending (billions of dollars) 0 30 240 270 300 60 90 120 150 180 210 Real GDP billions of dollars) Planned aggregate spendin 0 30 60 90 120 150 180 210 Real GDP...
Table 27.3.1 The following table shows the relationship between aggregate planned expenditure and real GDP in the hypothetical economy of Econoworld. Real GDP (billions of 2007 dollars) Aggregate planned expenditure (billions of 2007 dollars) 100 260 420 580 740 200 400 600 800 18) Refer to Table 27.3.1. If investment increases by $25 billion, the real GDP becomes A) $525 billion. B) $625 billion. C) $725 billion D) $600 billion. E) $675 billion.
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....
4. The following table contains hypothetical information about real GDP (billions of dollars) and the price level index (P): AD P SRAS $270 160 $330 290 140 310 310 120 290 330 100 270 350 80 250 a. Plot the data in an aggregate demand/aggregate supply diagram. What is the current equilibrium level of real GDP? The price level? b. What is the current value of nominal GDP? c. Suppose the level of full-employment real GDP is $320 billion. Add...
1.
2.
During 2013, a country reported that its real GDP increased by $3.0 billion. If the slope of its aggregate planned expenditure curve is 0.9, then which of the following might have led to the increase in real GDP? Exports increased by $0.3 billion. Exports decreased by $0.3 billion. Investment decreased by $0.3 billion. o Imports increased by $0.3 billion. Government expenditure on goods and services increased by $3 billion. During 2013, exports increase from $1.0 trillion to $1.5...
The following table shows the relationship between aggregate planned expenditure and real GOP in the hypothetical economy of Econoworld Real GDP bbons of 2007 dollars) Aggregate planned expenditure (billions of 2007 dollars) 100 200 300 420 1131 The level GPS 580 740 Ол ееn O Canadians' Wealth Rises Canadian net saving in the first quarter of 2017 was 522 billion Holdings of financial assets increased by 5162 bilion and the value of shares in corporations increased by $113 billion Explain...
EXERCISE 1:TRUE OR FALSE 1. If the dollar appreciates relative to foreign currencies, we would expect a country's net exports to fall. If government decreases its purchases by $20 billion and the MPC is 0.8, equilibrium GDP will decrease by $100 billion. When a private closed economy is at equilibrium, then (GDP-C) is equal to planned investment. If planned investment is larger than saving, then real GDP will increase as the economy adjusts toward equilibrium. 5. Positive net exports increase...
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