Homework Answers
The saving is what is left after the consumption so its is the excess after the consumption. The disposable income is the income after the taxation, people use disposable income for consumption and investment spending. We can say that the saving is a direct function of the income, that is when the income increases the rate of saving also will increase. The income and the consumption also have a position relationship
Ans: Both consumption and saving are directly related to the level of income.
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Question 1 4 pts Which of the following statements is correct? Saving is consuming in excess...
Which of the following is correct regarding the role of government in the aggregate expenditure model?...
Which of the following is correct regarding the role of government in the aggregate expenditure model? A. Net tax revenues enter the AE function indirectly through its effect on disposable income.Net tax revenues enter the AE function indirectly through its effect on disposable income. B. Transfer payments directly affect aggregate expenditures.Transfer payments directly affect aggregate expenditures. C. Private saving is always smaller than budget balance.Private saving is always smaller than budget balance. D. When government has a budget surplus comma...
Question 16 1 pts In the aggregate expenditures model of the economy, a downward shift in...
Question 16 1 pts In the aggregate expenditures model of the economy, a downward shift in aggregate expenditures can be caused by a decrease in government spending or an increase in taxes. taxes or an increase in government spending. interest rates or a decrease in taxes. saving or an increase in government spending Question 18 As disposable income decreases, consumption and saving both increase. and saving both decrease. increases and saving decreases. decreases and saving increases. Question 19 1 pts...
4-6 QUESTION 4 Based on historical data, which of the following tended to be most unstable...
4-6
QUESTION 4 Based on historical data, which of the following tended to be most unstable over time? the average propensity to save real saving e real investment spending @real consumption spending QUESTION 5 Saving is an example of a stock concept. O a physical capital concept. a planned investment concept. e a flow concept. QUESTION 6 Autonomous consumption is the level of consumption that is available to someone earning the minimum wage. observed at the poverty line Independent of...
asap please correct Question 10 0/2 pts Which of the following is true of phosphorus? O...
asap please
correct Question 10 0/2 pts Which of the following is true of phosphorus? O It is an important component in hardening bones and teeth. Deficiency of phosphorus is common and is normally observed in normal weight adults. There is no set UL as there is no risk of excess consumption. It is the most abundant of the minerals.
D Question 5 1 pts Use the following data to answer the next question. The disposable income (DI) and consumption...
D Question 5 1 pts Use the following data to answer the next question. The disposable income (DI) and consumption (C) schedules are for a private, closed economy. All figures are in billions of dollars. Disposable Income Consumption $300 350 $310 340 340 400 370 450 400 500 430 If disposable income is $550, we would expect consumption to be $430. $450. $460. $470 1 pts Question 9 The investment demand curve is drawn with the amount of investment on...
D Question 1 1 pts Consider the market for raspberries in Australia. Which of the following...
D Question 1 1 pts Consider the market for raspberries in Australia. Which of the following would most likely lead to a decrease in demand O A decrease in the price of gooseberries, a substitute for raspberries. An increase in the price of blueberries, a complement for raspberries A decrease in income if raspberries are an inferior good. O A severe frost that destroys most of the Tasmanian raspberry crop. Both a and b are correct. DI Question 2 1...
Question 1 1 pts Which of the following is not a price index? the Consumer Price...
Question 1 1 pts Which of the following is not a price index? the Consumer Price Index the Producer Price Index the GDP deflator o all of these are price indices Question 2 1 pts In the Specter article, Deli $ could be considered money O They served as a store of value. They served as a means of payment. They served as a unit of account. They paid interest Question 3 1 pts Use statements I and Il to...
Question 19 (1 point) Saved Disposable income is: 1) consumption minus taxes. 2) income minus saving....
Question 19 (1 point) Saved Disposable income is: 1) consumption minus taxes. 2) income minus saving. 3) income after adding transfers and subtracting taxes 4) the same as "income". 5) income minus both saving and taxes. Question 20 (1 point) Suppose nominal GDP increases in a given year. Based on this information, we know with certainty that: 1) the price level (GDP deflator) has increased. 2) real output has decreased and the price level has increased. 3) either real output...
1. Complete the table below where the cells are blank. (10 pts) Output Sensor Saving Inxstant...
1. Complete the table below where the cells are blank. (10 pts) Output Sensor Saving Inxstant Export Import ort GDP=DI Net Agg Age Unnind Output Invent Emploxmnt 250 260 310 15 330310 2. What number is unplanned inventories at output of $270 million? Explain what the unplanned inventories number means at that output level? (2 pts) 3. At $330 million of output what must happen in this open economy to reach equilibrium? (2 pts) 4. Equilibrium is achieved at what...
Note: Only select the correct option 1. Which of the following statements regarding the foreign sector...
Note: Only select the correct option
1. Which of the following statements regarding the foreign sector is/are correct? a. Absolute advantage is a prerequisite for international trade. b. Differences in resource endowments necessitate intemational trade. Countries can only benefit from trade if the opportunity costs among the trading countries are the same. c. [1] Only a and b 2 Only and c 3 Only b and c 4 Only b 2. Which one of the following statements regarding the assumptions...
Question 16 1 pts In the aggregate expenditures model of the economy, a downward shift in aggregate expenditures can be caused by a decrease in government spending or an increase in taxes. taxes or an increase in government spending. interest rates or a decrease in taxes. saving or an increase in government spending Question 18 As disposable income decreases, consumption and saving both increase. and saving both decrease. increases and saving decreases. decreases and saving increases. Question 19 1 pts...
4-6
QUESTION 4 Based on historical data, which of the following tended to be most unstable over time? the average propensity to save real saving e real investment spending @real consumption spending QUESTION 5 Saving is an example of a stock concept. O a physical capital concept. a planned investment concept. e a flow concept. QUESTION 6 Autonomous consumption is the level of consumption that is available to someone earning the minimum wage. observed at the poverty line Independent of...
asap please
correct Question 10 0/2 pts Which of the following is true of phosphorus? O It is an important component in hardening bones and teeth. Deficiency of phosphorus is common and is normally observed in normal weight adults. There is no set UL as there is no risk of excess consumption. It is the most abundant of the minerals.
D Question 5 1 pts Use the following data to answer the next question. The disposable income (DI) and consumption (C) schedules are for a private, closed economy. All figures are in billions of dollars. Disposable Income Consumption $300 350 $310 340 340 400 370 450 400 500 430 If disposable income is $550, we would expect consumption to be $430. $450. $460. $470 1 pts Question 9 The investment demand curve is drawn with the amount of investment on...
D Question 1 1 pts Consider the market for raspberries in Australia. Which of the following would most likely lead to a decrease in demand O A decrease in the price of gooseberries, a substitute for raspberries. An increase in the price of blueberries, a complement for raspberries A decrease in income if raspberries are an inferior good. O A severe frost that destroys most of the Tasmanian raspberry crop. Both a and b are correct. DI Question 2 1...
Question 1 1 pts Which of the following is not a price index? the Consumer Price Index the Producer Price Index the GDP deflator o all of these are price indices Question 2 1 pts In the Specter article, Deli $ could be considered money O They served as a store of value. They served as a means of payment. They served as a unit of account. They paid interest Question 3 1 pts Use statements I and Il to...
Question 19 (1 point) Saved Disposable income is: 1) consumption minus taxes. 2) income minus saving. 3) income after adding transfers and subtracting taxes 4) the same as "income". 5) income minus both saving and taxes. Question 20 (1 point) Suppose nominal GDP increases in a given year. Based on this information, we know with certainty that: 1) the price level (GDP deflator) has increased. 2) real output has decreased and the price level has increased. 3) either real output...
1. Complete the table below where the cells are blank. (10 pts) Output Sensor Saving Inxstant Export Import ort GDP=DI Net Agg Age Unnind Output Invent Emploxmnt 250 260 310 15 330310 2. What number is unplanned inventories at output of $270 million? Explain what the unplanned inventories number means at that output level? (2 pts) 3. At $330 million of output what must happen in this open economy to reach equilibrium? (2 pts) 4. Equilibrium is achieved at what...
Note: Only select the correct option
1. Which of the following statements regarding the foreign sector is/are correct? a. Absolute advantage is a prerequisite for international trade. b. Differences in resource endowments necessitate intemational trade. Countries can only benefit from trade if the opportunity costs among the trading countries are the same. c. [1] Only a and b 2 Only and c 3 Only b and c 4 Only b 2. Which one of the following statements regarding the assumptions...
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