Homework Answers
| Output GDP=DI | Consump | Saving | Investment | Export | Import | Net Export | Agg. Exp | Unplnd Invest | Output & Employment |
| 250 | 260 | -10 | 10 | 8 | 3 | 5 | 275 | -25 | RISE |
| 270 | 270 | 0 | 10 | 10 | 5 | 5 | 285 | -15 | RISE |
| 290 | 280 | 10 | 10 | 12 | 7 | 5 | 295 | -5 | RISE |
| 310 | 295 | 15 | 10 | 15 | 10 | 5 | 310 | 0 | Remain Unchanged |
| 330 | 310 | 20 | 10 | 17 | 12 | 5 | 325 | 5 | FALL |
Agg. Exp = Consumption + Investment +Net Export.
GDP = consumption + saving.
Unplanned Investment = GDP - Agg. Exp
(2) At an output of $270 million, the unplanned inventories are negative 15 million (i.e., -15 million). It means at an output level of $270 million the aggregate expenditure is higher than output by $15 million.
(3) At equilibrium GDP = Aggregate Expenditure.
At $330 million of output, the unplanned investment is $5 million, it means aggregate expenditure falls short by $5 million to reach the equilibrium.
So to reach the equilibrium there is a need to increase the net export by $5 million in the open economy.
(4) Equilibrium is achieved at the output level of $310 million. At this level, there is neither increase nor decrease in output level.
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help please Short Answer 1. Complete the table below where the cells are bank. (10 pts)...
Short Answer 1. Complete the table below where the cells are blank. (10 pts) Output |...
Short Answer 1. Complete the table below where the cells are blank. (10 pts) Output | Copsmp Saving Inystmpt | Export Import Net Agg Unplod Output GDP=DI Exports Exp Invent & Emploxmnt 250 260 270 295 15 10 | 10 310 330 310 15 17 5 T 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...
help please Short Answer 1. Complete the table below where the cells are blank (10 pes) Output Conmp Saving Instmint...
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Short Answer 1. Complete the table below where the cells are blank (10 pes) Output Conmp Saving Instmintiport Import GDP-DE Net Unpind Output Employee 260 250 270 310 330 2. What number is unplanned inventories at output of $270 million? Explain what the unplanned inventories number means at that output level? (2 pes) 3. At $330 million of output what must happen in this open economy to reach equilibrium? (2 pts) 4. Equilibrium is achieved at what level...
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help a. Complete the table below. All figures are dollar amounts. Assume planned investment -$25 and...
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The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter your answers as whole numbers it you are entering any negative numbers be sure to include a negative sign H in front of those numbers a Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy b. Now open up this economy to international trade by including the export and import figures of columns...
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DI Question 20 1 pts Refer to the information provided in Table 8.5 below to answer...
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help please
Short Answer 1. Complete the table below where the cells are blank (10 pes) Output Conmp Saving Instmintiport Import GDP-DE Net Unpind Output Employee 260 250 270 310 330 2. What number is unplanned inventories at output of $270 million? Explain what the unplanned inventories number means at that output level? (2 pes) 3. At $330 million of output what must happen in this open economy to reach equilibrium? (2 pts) 4. Equilibrium is achieved at what level...
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...
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help
a. Complete the table below. All figures are dollar amounts. Assume planned investment -$25 and note that once planned investment is determined, it stays constant in our model) regardless of the level of GDP. Remember that U.L.I. = unplanned inventory investment which is Y - pl AE). Y-GDP pl AE U.L.L. 1326 1301 1307 1310 1320 1330 1340 1350 1360 1370 1380 1319 1325 1331 Using the information from your completed table: b. Calculate the MPC and the MPS....
help please
10. In a mixed open economy, equilibrium GDP exists where a. GDP =C+I+G b. C+1 5 +T+X C+I+X+ G- GDP d. C+I+X-S+T b. 11. In the Aggregate Expenditure model, when unplanned inventories are greater than zero Consumption will decrease Output will increase Output will decrease Imports will decrease d. b. 12. When GDP > AE, what is the situation in the marketplace? shortage equilibrium efficiency d. surplus c. 13. In a closed economy the only participants are. a....
The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter your answers as whole numbers it you are entering any negative numbers be sure to include a negative sign H in front of those numbers a Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy b. Now open up this economy to international trade by including the export and import figures of columns...
Award 4.00 points The data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter your answers as whole numbers If you are entering any negative numbers be sure to include a of those numbers a Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy b Now open up this economy to international trade by including the export and import figures of columns 3 and...
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.
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