Answered: Among the components of personal…

Among the components of personal consumption expenditures (C) the spending of durable goods that last 3 years or more is the greatest in the U.S. households. 1) True 2) False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

6. Gross private domestic investment (Ig) vs. net private domestic investment (In)? I Gross private domestic investment (Ig) (plus, minus, multiply by, divide by) depreciation is net private domestic investment (In). That is, In = Ig – Depreciation. (D_ of all the physical capital-machines, equipment, buildings-used up in producing the year's output. is the value The difference between gross domestic product (GDP) and net domestic product (NDP) is the value of the c_ net ) private investment expenditures. NDP includes (gross, net ) private investment expenditures after the depreciation allowance has been subtracted from gross investment. NDP is simply GDP adjusted for d_ the expenditures approach, net private domestic investment (In) measures of investment spending would be appropriate. off_ or depreciation allowance. GDP includes (gross. If you were to determine net domestic product (NDP) through
Consumptlon expenditure (dollar) 2,500 3,250 Real GDP Government expenditure (dollar) Investment (dollars) 3,000 (dollar) 500 500 4,000 5,000 500 500 4,000 4,750 500 500 6,000 7,000 500 500 5,500 6,250 500 500 8,000 500 500 Refer to problem 1. The equilibrium level of expenditure for this economy is $7000 $13500 $3000 $5000
If household spend $105 billion on goods and $95 billion on services. How much in revenues do businesses receive in the product market?
Gross Investment $ 38 National Income 120 Net Exports 22 Personal Income 105 Personal Consumption Expenditures 90 Saving 25 Government Purchases 40 Net Domestic Product 125 Statistical Discrepancy 0 Refer to the accompanying data (all figures in billions of dollars). Consumption of fixed capital ( depreciation) is Multiple Choice a) $30. b) $10. c) $20. d) $65.
Given the following income, spending, and savings data, please answer parts a-g below : Disposable Income (DI) Consumption (C) Savings (S) $ 0 $. 40000 _________ $100000 $100000 _________ $200000 $160000 _________ $300000 $220000 _________ $400000 $280000 _________ a. Solve for savings at each level of disposable income (DI). b. Solve for the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) between each disposable income level. c. Solve for the average propensity to consumer (APC) and the average propensity to save (APS) at each level of disposable income. d. State the numerical value for the break-even level of disposable income in this example. e. State the numerical value for the autonomous consumption in this example. f. Using the data from the table, graph the consumption line. g. Using the data from the table, graph the savings line. Give me answer part: A ,B ,C
Y = C + /+ G Y = 5,000 (: G = 1,000 T = 1,000 (· C = 350+0.75(Y – T) (: | | = 1,000-50r Question Find total consumption expenditure and disposable income of household.
The slope of the line between points a and b is 4 .25 -4 -.25
Solve it correctly please. I will rate accordingly.
Work out this questions An animal herder produces 300 litres of milk each year. He sells 160 litres to his neighbours and stocks 140 litres for his own consumption. Which figure should be included in household consumption: 160 litres or 300 litres?
7. The marginal propensity to save is 0.15, the marginal propensity to consume: (A) is 1.15. (B) is 0.85. (C) is 0.15. (D) cannot be determined by the given information.
The following table shows data for the economy before the decrease in saving. Suppose that the decrease in saving causes consumption to rise from $280 million to $320 million. Assume Say's law holds in this economy. Fill in the data for the economy after the decrease in saving. Before Saving Decrease After Saving Decrease Consumption (C) $280 million $320 million Investment (I) $200 million $ million Government Purchases (G) $250 million $ million Exports (EX) $500 million $500 million Imports (IM) $300 million $300 million As a result of the decrease in saving, total expenditures will .
Aggregate Variables Value (in billions of dollars) in the base year Consumption spending $900 Investment spending $400 Government spending $200 Transfer payments $60 The marginal propensity to save is equal to 0.4 and there are no exports or imports, (a) Calculate the real GDP in this country, Show your work (b) Calculate the marginal propensity to consume Show your work. (c) Suppose that the government increases spending from $200 billion to $300 billion (i) Calculate the maximum change in real GDP. Show your work (ii) Given the change in real GDP in part (c)(i), calculate the maximum level of the new equilibrium real GDP. Show your work (d) Suppose that taxes decrease by $100 billion. Will the maximum change in real GDP be larger than, smaller than, or equal to the change in part (c)(i)? Explain.