Homework Answers
Answer - Option C
$ 260 billion
Planned expenditure = Consumption + Investment
= 240+20
= $ 260 ( at output level of 200)
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QUESTION 7 Refer to the information provided in Table &.4 below to answer the questions that...
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) -$30. Refer to the information provided in Figure...
1. Refer the table below and answer the questions that follow. (4 Points) Aggregate Aggregate Aggregate...
1. Refer the table below and answer the questions that follow. (4 Points) Aggregate Aggregate Aggregate Planned Output Consumption Saving Investment ($ 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...
DI Question 20 1 pts Refer to the information provided in Table 8.5 below to answer...
DI Question 20 1 pts Refer to the information provided in Table 8.5 below to answer the questions that follow. Table 8.5 S million) $ million) S million 1,600 3,600 4,400 1,600 Refer to Table 8.5. At an aggregate output level of $4,000 million, the unplanned inventory change O $1,200 million. O $400 million. 。. $400 million.
provide an explanation with a steps of the answer for each question please 1,600 Planned aggregate expenditure, AE...
provide an explanation with a steps of the answer for each
question please
1,600 Planned aggregate expenditure, AE (billions of dollars) OS 1,600 Aggregate output, Y billions of dollars) Figure 24.5 1) Refer to Figure 24.5. If the economy is in equilibrium and the government decreases spending by $200 billion, equilibrium aggregate output decreases to S billion. A) 1,400 B) 1,200 C) 1,000 D) 800 2) Refer to Figure 24.5. If the economy is in equilibrium and the government increases...
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.
Refer to the information provided in Figure 8.1 below to answer the questions that follow. Figure...
Refer to the information provided in Figure 8.1 below to answer the questions that follow. Figure 8.1 1) Refer to Figure 8.1. The equation for this household's saving function is a) S = -1,000 + 0.8Y. b) S = -300 + 0.25Y. c) S = -200 + 0.8Y. d) S = -500 + 0.5Y. Refer to the information provided in Figure 8.1 below to answer the questions that follow. Figure 8.1 2) Refer to Figure 8.1. This household consumes $2,000...
Refer to the accompanying table to answer the questions that follow. (1) (2) (3) Real Domestic...
Refer to the accompanying table to answer the questions that follow. (1) (2) (3) Real Domestic Output, Billions Aggregate Expenditures (Ca + lg + Xn + G), Billions $520 $500 Possible Levels of Employment, Millions 90 100 110 120 130 550 560 600 650 700 600 640 680 a. If full employment in this economy is 130 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? Inflationary expenditure gap What will be the consequence of this...
Refer to the accompanying table in answering the questions that follow: Aggregate Expenditures (Catlg+Xn+G), Billions 420...
Refer to the accompanying table in answering the questions that follow: Aggregate Expenditures (Catlg+Xn+G), Billions 420 Real Domestic Output, Possible Levels of Employment, Millions 70 90 110 130 150 Billions 400 450 460 500 540 580 600 a. If full employment in this economy is 150 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? (Click to select) What will be the consequence of this gap? (Click to select) By how much would aggregate expenditures in...
Refer to the information provided in Toble 8.5 below to answer the questions that follow Table...
Refer to the information provided in Toble 8.5 below to answer the questions that follow Table 8.5 S million 2,800 3,600 4,400 Refer to Table 8.5. The equilibrium level of aggregate output equals O $3,000 million O S4.000 milion. $6.000 million. ! Question 22 1 pts lf C . 100 + 0.8Y and I-50, then the equilibrium level of income is 1875. O 375 O 600 O 750.
9. Refer to the below table. For the open economy, the equilibrium GDP is domestic output...
9. Refer to the below table. For the open economy, the equilibrium GDP is domestic output AE, closed economy exports imports 200 230 30 20 250 270 30 20 300 310 30 20 350 350 30 20 400 390 30 20 450 430 30 20 500 470 30 20 A) $300 B) $350 C) $400 D) $450 10. If net exports decline from zero to some negative amount, the aggregate expenditures schedule would A) shift upward B) shift downward C)...
1. Refer the table below and answer the questions that follow. (4 Points) Aggregate Aggregate Aggregate Planned Output Consumption Saving Investment ($ 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...
DI Question 20 1 pts Refer to the information provided in Table 8.5 below to answer the questions that follow. Table 8.5 S million) $ million) S million 1,600 3,600 4,400 1,600 Refer to Table 8.5. At an aggregate output level of $4,000 million, the unplanned inventory change O $1,200 million. O $400 million. 。. $400 million.
provide an explanation with a steps of the answer for each
question please
1,600 Planned aggregate expenditure, AE (billions of dollars) OS 1,600 Aggregate output, Y billions of dollars) Figure 24.5 1) Refer to Figure 24.5. If the economy is in equilibrium and the government decreases spending by $200 billion, equilibrium aggregate output decreases to S billion. A) 1,400 B) 1,200 C) 1,000 D) 800 2) Refer to Figure 24.5. If the economy is in equilibrium and the government increases...
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.
Refer to the accompanying table to answer the questions that follow. (1) (2) (3) Real Domestic Output, Billions Aggregate Expenditures (Ca + lg + Xn + G), Billions $520 $500 Possible Levels of Employment, Millions 90 100 110 120 130 550 560 600 650 700 600 640 680 a. If full employment in this economy is 130 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? Inflationary expenditure gap What will be the consequence of this...
Refer to the accompanying table in answering the questions that follow: Aggregate Expenditures (Catlg+Xn+G), Billions 420 Real Domestic Output, Possible Levels of Employment, Millions 70 90 110 130 150 Billions 400 450 460 500 540 580 600 a. If full employment in this economy is 150 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? (Click to select) What will be the consequence of this gap? (Click to select) By how much would aggregate expenditures in...
Refer to the information provided in Toble 8.5 below to answer the questions that follow Table 8.5 S million 2,800 3,600 4,400 Refer to Table 8.5. The equilibrium level of aggregate output equals O $3,000 million O S4.000 milion. $6.000 million. ! Question 22 1 pts lf C . 100 + 0.8Y and I-50, then the equilibrium level of income is 1875. O 375 O 600 O 750.
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