Wage rate $16 15 14 S 0 80 100 110 Reference: Ref8(23)-10 Figure: The Labor Market 200 Quantity of labor (in thousands) (Figure: The Labor Market) Use Figure: The Labor Market. The equilibrium wage rate is: A. $14. B. $16. C. $15. D. $17. Aggregate Expenditure ($) 3 Real GDP (Y) Which of the lines represents the C + I stacked functions? line 1 line 2 line 3 line 4 line 3 line 2 line 1

The equilibrium level of real GDP is Real GDP Consumption (Y) (C) $8,000 $6,200 9,000 10,000 11,000 12,000 6,850 7,500 8,150 8,800 Planned. Gov't Net Investment Purchases Exports Aggregate Planned (1) $1,675 (G) (NX) $1,675 -$500 Expenditure $9,050 1,675 1,675 -$500 9,700 1,675 1,675 -$500 1,675 -$500 1,675 -$500 1,675 1,675 10,350 11,000 11,650 Unplanned Change in Inventories $-1,050 -700 -350 350

Problem 1. Calculate APC, MPC, MPS and APS from the following data: Income (Y) Consumption (C) (8) 1000 900 1200 1060

Complete the table. Real GDP Consumption (C) $6,200 6,850 7,500 8,150 8,800 (Y) $8,000 9,000 10,000 11,000 12,000 Planned Investment (1) $1,500 1,500 1,500 1,500 1,500 Gov't Net Purchases Exports (G) (NX) $1,500 - $500 1,500 - $500 1,500 - $500 1,500 - $500 1,500 - $500 Planned Aggregate Expenditure Inventories $ $ 9,350 10,650 11,300 Unplanned Change in

The investment component of gross domestic product (GDP) can be broken down into two main categories fixed investment and business inventories Explain what is included in each category. Edit View Insert Format Tools Table 12pt v Paragraph w BIUA Background color

In the below table, C is consumption expenditure, Iis investment, G is government expenditure, and NX is the net exports. All entries are in million dollars. (SHOW THE STEPS OF CALCULATIONS) c)     What is the unplanned inventory change when GDP is equal to $2200 million?  d)     How much is the level of savings when income is $2300 million?

The following transactions took place in Ecoland in 2018:   Trillions of 2014 dollars Government purchases 400 Taxes 360 Firms’ profits 300 Investment 400 Consumption expenditure 1000 Wages paid to labor 1400 Exports 300 Government transfer payments 150 Imports 350 (a). Calculate Ecoland’s real GDP in 2018, i.e., GDP measured in 2014 $. (b)   How much do households save in Ecoland? Is it enough to finance domestic investment? (c)   Does the government have a balanced budget?  If not, what is the surplus or deficit? (d)  If Ecoland’s nominal GDP in 2018 is $1900 trillion, how much inflation has Ecoland experienced since 2014?

Solve it correctly please. I will rate accordingly.

Ans 2

5. Comparing total expenditures and total production The following graph shows total production (TP) and total expenditures (TE) for a hypothetical economy. Suppose Real GDP is $450 billion. TOTAL EXPENDITURE (Bons of dollars) 475 450 425 400 325 350 325 300 300 325 350 375 400 425 REAL GOP (Bons of dollars) 450 475 500 (TP-Real GOP) TE