1. Using excel, find the equilibrium consumption. 2. Show the range of income at which saving is negative and the range of income at which saving is positive. 3. Using excel, find the equilibrium expenditure.
1. Using excel, find the equilibrium consumption. 2. Show the range of income at which saving is negative and the range of income at which saving is positive. 3. Using excel, find the equilibrium expenditure.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Question Tow:
(Вз, D2, D4)
Given the consumption, Investment, Government spending, assuming this
country operates under closed economy and not dealing with the rest of the
world as in the table below
Y
C
G
I
140
30
40
100
170
200
200
300
230
400
500
600
700
800
900
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
2000
Instructions:
1. Using excel, find the equilibrium consumption.
2. Show the range of income at which saving is negative and the range of
income at which saving is positive.
3. Using excel, find the equilibrium expenditure.
4. Show the range of income at which unplanned inventory is negative and
the range of income at which unplanned inventory is positive.
5. Using excel Show new equilibrium expenditure if autonomous
investment increases by $70 at every price level.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcb206d59-d415-44ad-ba59-4119ee7bd760%2F963988cb-ae79-4345-8efa-36a0fcc8d43d%2F8oy4yp7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question Tow:
(Вз, D2, D4)
Given the consumption, Investment, Government spending, assuming this
country operates under closed economy and not dealing with the rest of the
world as in the table below
Y
C
G
I
140
30
40
100
170
200
200
300
230
400
500
600
700
800
900
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
2000
Instructions:
1. Using excel, find the equilibrium consumption.
2. Show the range of income at which saving is negative and the range of
income at which saving is positive.
3. Using excel, find the equilibrium expenditure.
4. Show the range of income at which unplanned inventory is negative and
the range of income at which unplanned inventory is positive.
5. Using excel Show new equilibrium expenditure if autonomous
investment increases by $70 at every price level.
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