also draw the calculation on paper so that I can follow the calculation.Aggregate demand in Small Country X isAE (Y) = C + I + G + X-IM!And the table below shows how demand depends on national income.Relationships describing final use expenditureThe goods marketConsumptionDisposable incomeTaxHCapital expenditurePublic expenditureExportImportConnectionC = 50+0.7* YaY4=Y-TT= 0.3*Y*I= 50-3.25* |G = 450X = 100IM = 0.14 YThe money marketMoney demandMoney supplyConnectionMd -0,2* Y-iM=1964 (a Your task is to calculate the equilibrium National Income (Y) and the interest rate (i)based on the figures above:>>Y ==and4 (bDescribe how large the state's tax revenues are and calculate the state budget balance (Sb), further you should calculatecountry's current account (NX):T=SbNX =

Step 1: Calculation of Equilibrium National Income (Y) and Interest Rate (i)The equilibrium in the…

Answered: also draw the calculation on paper so…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Everything in this question pertains to 2025. Bombardier spent $146 in US-produced intermediate goods. It used these intermediate goods to make streetcars which it sold to Toronto. It paid $315 to compensate its workers and made a loss of $21. Based on the information provided, what was Bombardier's contribution to 2025 GDP? Round to two decimal places. Do not enter the currency symbol, but enter the negative sign if appropriate. If your answer is -$1.125, enter -1.13.
< 2/2 Part B GDP: Where and what is counted? For each of the following items, write one of the following in the space provided. C if the item is counted as consumption spending I if the item is counted as investment spending ▶ G if the item is counted as government spending Xif the item is counted as exports M if the item is counted as imports NC if the item is not counted in the calculation of the GDP 11. You spend $7.00 to see the latest Justin Bieber movic. 12. A family pays a contractor $100,000 for a house he built for them this year. 13. A family pays $75,000 for a house built three years ago. 14. An accountant from Ernst & Young purchases a new Italian suit. 15. The government increases defense expenditures by $1,000,000,000 16. A homemaker works hard caring for her spouse and two children. 17. Ford Motor Company buys new auto-making robots. 18. Apple Computer builds a new factory in the United States. 19. You buy a new Toyota Tacoma that was made in Japan. 20. A Japanese…
The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,540 million. Enter the amount for government purchases. National Income Account Value (Millions of dollars) Government Purchases (GG) Taxes minus Transfer Payments (TT) 455 Consumption (CC) 700 Investment (II) 490 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S)National Saving (S) = = (y-t-g, g-t, y-c, y-c-g) = = (C,G,Y,I) $ ______million
Consider the following information for the U.S. economy in 2003 (figures in billions). Personal Consumption Gross private investment Government consumption and gross investment Net exports Indirect business taxes Depreciation Self-employment Income $7,761 1,666 2,075 -498 339 1,380 834 Refer to Exhibit 7-2. Gross domestic product is equal to
Consider the following data for a particular economy:GDPmp = 950Private consumption = 750Gross investment = 100Net investment = 80Exports = 250Imports = 300Net Indirect taxes = 50Net external income = 100Balance of transfers with the Rest of the World = 50Private savings = 300Calculate:a) NNPbp (Net National Product). b) Current balance. Interpret the result obtained.
The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,175 million. Enter the amount for government purchases. National Income Account Value Government Purchases (GG) Taxes minus Transfer Payments (TT) 225 Consumption (CC) 625 Investment (II) 300 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = = $ million Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private Saving = = $ million Public Saving = = $ million Based on your calculations, the government is running a budget (a. surplus, b. deficit).
Given the scatter diagram in Figure 8-1, what is the MPC (your best estimate)? a. 1 b. 2/3 c. 1/2 d. 1/3 I know the answer of this question answer is 2/3 but can you please give the explanation how 2/3 is the answer of the problem
13
In 2012, the economy of country Z had consumption of $2,200,000, exports of $65,000, investment of of $530,000 and imports of $80,000. The GDP was $3,355,000. How big were government purchases that year? $625,000 $610,000 $640,000 We do not have enough information to answer this quesiton.
Table 11-6 Government Real GDP Consumption Investment Purchases 1 Net Exports $1,000 $1,000 $100 $150 -$50 2 3 2,000 1,900 100 150 -50 3,000 2,800 100 150 -50 4 4,000 3,700 100 150 -50 Using the table above, answer the following question. The numbers in the table are in billions of dollars. 13) Refer to Table 11-6. What is the value of MPC? A) 0.2 B) 0.5 C) 0.75 D0.9 E) None of the above
(a) Assume Consumption (C) is given by the equation C = 500 + 0.6(Y – T). Taxes (T) are equal to 600. Government spending is equal to 1,000. Investment is given by the equation I = 2,160 – 100r, where r = the real interest rate = 13 percent. In this case, what is the equilibrium Gross Domestic Product (GDP)/Total output (Y)/Total income? How does the equilibrium income change if government designs and executes expansionary fiscal policy? Show graphically and mathematically.

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