Homework Answers
At equilibrium, Y = C + I
Y= 200 + 0.75Y + 300
0.25Y = 500
Y= 2000
Equilibrium GDP is 2000
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In a simple economy (assume there are no taxes, thus Y is disposable income). the consumption...
In a simple economy (assume there are no taxes, thus Y is disposable income) the consumption...
In a simple economy (assume there are no taxes, thus Y is disposable income) the consumption function is C = 400 +0.75Y 2800- In this economy, the level of income at which the consumer breaks even (consumption equals income) is 24004 20004 1.) Using the point drawing tool, identify the breakeven income/consumption point that you found above 2) Using the line drawing tool, carefully graph the consumption function Properly label your line. Carefully follow the instructions above, and only draw...
In a simple economy (assume there are no taxes, thus Y is disposable income). the consumption...
In a simple economy (assume there are no taxes, thus Y is disposable income). the consumption function is C = 200 +0.75Y. Investment is equal to 200. In this economy, equilibrium GDP is $ 1,600. (Round your answer to the nearest dollar) 1.) Using the point drawing tool, on the graph to the right, indicate the real GDP point that you found above. Label the point 'E. 2) Using the line drawing tool, carefully graph the consumption plus investment line....
Concept Question 3.5 In a simple economy (assume there are no taxes, thus Y is disposable...
Concept Question 3.5 In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption function is: C = 200 +0.75Y Investment is equal to 300. In this economy, equilibrium GDP is $ yRound your answer to the nearest dollar)
4. In a simple economy (assume there are no taxes; thus, Y is disposable income), the...
4. In a simple economy (assume there are no taxes; thus, Y is disposable income), the consumption function is: C = 500+ 0.80Y. The current level of real GDP is $5000. At this level of real GDP, consumption will be $ $1000, consumption would increase by $ and savings will be $ If GDP were to increase by (Round your responses to the nearest dollar.) , and the average propensity to save is At a real GDP level of $5000,...
The aggregate demand function: v =C+I+G - 500 +0.75Y 1000 2800 2000 is plotted on the...
The aggregate demand function: v =C+I+G - 500 +0.75Y 1000 2800 2000 is plotted on the graph to the right. The graph also shows the 45" line where aggregate output Yoquais aggregate demand for all points. What happens to aggregate output if goverment spending rises by 100? Yodec 2400 2200 2000+ 1800 $1600 The equilibrium level of output nearest billion.) by $ billion. (Round your response to the Consumption Expenditure, C (5 billions) 1400 rises 1200 1000 falls 20045 0...
1. If disposable income is 4,000, consumption is 3,500, government spending is 1,000, and taxes minus...
1. If disposable income is 4,000, consumption is 3,500, government spending is 1,000, and taxes minus transfers are 800, national saving is equal to: a. 300. b. 500. c. 700. d. 1,000. 2. Assume that equilibrium GDP (Y) is 5,000. Consumption (C) is given by the equation C= 500 + 0.6Y. Investment (I) is given by the equation I= 2,000 – 100r, where r is the real interest rate in percent. No government exists. In this case, the equilibrium real...
QUESTION 7 1 pc Assume C 50+.80yd (disposable income); Taxes GDP (V)? (Hint: Yd = Y...
QUESTION 7 1 pc Assume C 50+.80yd (disposable income); Taxes GDP (V)? (Hint: Yd = Y - Taxes) 10; Investment - 30: Goverment - 20: Exports 16; and Imports - 20. What is the O a 200 26.400 c. 405 d. 435 QUESTION 8 From the question above, C (consumption) is equal to 360 390 O 414 OO QUESTION 9 Use the following table to find the MPC and MPS: SA NI Answ QUESTION 9 Ube the following table to...
ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption...
ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption is:C = 100+ 0.8Y Assume further that planned investment lo and net exports Xn are independent of the level of real GDP and constant at lg = 60 and Xn = 10. Government spending (G) is equal to $0. Recall also that, in equilibrium, the real output produced (y) is equal to aggregate expenditures: Y=C+Ig+G+Xn nstructions: Round your answers to the nearest whole number. a. What is the...
In a simple economy, the savings function is S = - 300+ 0.10Y. Investment is equal to 400. In this economy, equilibrium...
In a simple economy, the savings function is S = - 300+ 0.10Y. Investment is equal to 400. In this economy, equilibrium GDP is $ - (Round your answer the nearest dollar.)
Assume that the consumption schedule for a private open economy is such that consumption is
ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption is:$$ C=80+0.8 Y $$Assume further that planned investment \(I_{g}\) and net exports \(X_{n}\) are independent of the level of real GDP and constant at \(I_{g}=50\) and \(X_{n}\) \(=10 .\) Recall also that, in equilibrium, the real output produced \((Y)\) is equal to aggregate expenditures:$$ Y=C+I_{g}+X_{n} $$Instructions: Round your answers to the nearest whole number.a. What is the equilibrium level of income or real GDP...
In a simple economy (assume there are no taxes, thus Y is disposable income) the consumption function is C = 400 +0.75Y 2800- In this economy, the level of income at which the consumer breaks even (consumption equals income) is 24004 20004 1.) Using the point drawing tool, identify the breakeven income/consumption point that you found above 2) Using the line drawing tool, carefully graph the consumption function Properly label your line. Carefully follow the instructions above, and only draw...
In a simple economy (assume there are no taxes, thus Y is disposable income). the consumption function is C = 200 +0.75Y. Investment is equal to 200. In this economy, equilibrium GDP is $ 1,600. (Round your answer to the nearest dollar) 1.) Using the point drawing tool, on the graph to the right, indicate the real GDP point that you found above. Label the point 'E. 2) Using the line drawing tool, carefully graph the consumption plus investment line....
Concept Question 3.5 In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption function is: C = 200 +0.75Y Investment is equal to 300. In this economy, equilibrium GDP is $ yRound your answer to the nearest dollar)
4. In a simple economy (assume there are no taxes; thus, Y is disposable income), the consumption function is: C = 500+ 0.80Y. The current level of real GDP is $5000. At this level of real GDP, consumption will be $ $1000, consumption would increase by $ and savings will be $ If GDP were to increase by (Round your responses to the nearest dollar.) , and the average propensity to save is At a real GDP level of $5000,...
The aggregate demand function: v =C+I+G - 500 +0.75Y 1000 2800 2000 is plotted on the graph to the right. The graph also shows the 45" line where aggregate output Yoquais aggregate demand for all points. What happens to aggregate output if goverment spending rises by 100? Yodec 2400 2200 2000+ 1800 $1600 The equilibrium level of output nearest billion.) by $ billion. (Round your response to the Consumption Expenditure, C (5 billions) 1400 rises 1200 1000 falls 20045 0...
QUESTION 7 1 pc Assume C 50+.80yd (disposable income); Taxes GDP (V)? (Hint: Yd = Y - Taxes) 10; Investment - 30: Goverment - 20: Exports 16; and Imports - 20. What is the O a 200 26.400 c. 405 d. 435 QUESTION 8 From the question above, C (consumption) is equal to 360 390 O 414 OO QUESTION 9 Use the following table to find the MPC and MPS: SA NI Answ QUESTION 9 Ube the following table to...
ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption is:C = 100+ 0.8Y Assume further that planned investment lo and net exports Xn are independent of the level of real GDP and constant at lg = 60 and Xn = 10. Government spending (G) is equal to $0. Recall also that, in equilibrium, the real output produced (y) is equal to aggregate expenditures: Y=C+Ig+G+Xn nstructions: Round your answers to the nearest whole number. a. What is the...
In a simple economy, the savings function is S = - 300+ 0.10Y. Investment is equal to 400. In this economy, equilibrium GDP is $ - (Round your answer the nearest dollar.)
ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption is:$$ C=80+0.8 Y $$Assume further that planned investment \(I_{g}\) and net exports \(X_{n}\) are independent of the level of real GDP and constant at \(I_{g}=50\) and \(X_{n}\) \(=10 .\) Recall also that, in equilibrium, the real output produced \((Y)\) is equal to aggregate expenditures:$$ Y=C+I_{g}+X_{n} $$Instructions: Round your answers to the nearest whole number.a. What is the equilibrium level of income or real GDP...
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