At the equilibrium level of GDP in the table below, injections equal to?Leave your answer in RM trillion. *(trillions of Ringgit)PlannedRealGDP Taxes(Y) (NT) (Y- NT)DisposableIncomePlannedsumption Saving Investment Purchases(1)Con-GovernmentAggregateExpenditures(X-M) C+1+G+(X-M)NetNetExports(C)(S)(G)5.01.04.03.90.11.01.0-0.75.25.51.04.54.30.21.01.0-0.75.66.01.05.04.70.31.01.0-0.76.06.51.05.55.10.41.01.0-0.76.47.01.06.05.50.51.01.0-0.76.8Your answer

GDP is the value of all final goods and services produced in an economy. Real GDP is the value of…

At the equilibrium level of GDP in the table below, injections equal to? Leave your answer in RM trillion. * (trillions of Ringgit) Planned Real GDP Taxes (Y) (NT) Disposable Con- Planned Government Aggregate Expenditures (X-M) C+1+G+ (X-M) Net Net Income sumption Saving Investment Purchases Exports (Y-NT) (C) (S) (1) (G) 5.0 1.0 4.0 3.9 0.1 1.0 1.0 -0.7 5.2 5.5 1.0 4.5 4.3 0.2 1.0 1.0 -0.7 5.6 6.0 1.0 5.0 4.7 0.3 1.0 1.0 -0.7 6.0 6.5 1.0 5.5 5.1 0.4 1.0 1.0 -0.7 6.4 7.0 1.0 6.0 5.5 0.5 1.0 1.0 -0.7 6.8 Your answer

At the equilibrium level of GDP in the table below, injections equal to? Leave your answer in RM trillion. * (trillions of Ringgit) Planned Real GDP Taxes (Y) (NT) Disposable Con- Planned Government Aggregate Expenditures (X-M) C+1+G+ (X-M) Net Net Income sumption Saving Investment Purchases Exports (Y-NT) (C) (S) (1) (G) 5.0 1.0 4.0 3.9 0.1 1.0 1.0 -0.7 5.2 5.5 1.0 4.5 4.3 0.2 1.0 1.0 -0.7 5.6 6.0 1.0 5.0 4.7 0.3 1.0 1.0 -0.7 6.0 6.5 1.0 5.5 5.1 0.4 1.0 1.0 -0.7 6.4 7.0 1.0 6.0 5.5 0.5 1.0 1.0 -0.7 6.8 Your answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1. The government expenditure multiplier is the effect of a change in government expenditure (G) on goods and services: a. An increase in aggregate expenditure increases aggregate demand (AD), which increases real GDP, which induces an increase in consumption expenditure (C), and which further increases aggregate demand (AD). b. An increase in aggregate expenditure increases aggregate supply (AS), which increases real GDP, which induces an increase in consumption expenditure (C), and which further increases aggregate supply (AS). c. An increase in aggregate expenditure decreases aggregate demand (AD), which decreases real GDP, which induces an decrease in consumption expenditure (C), and which further decreases aggregate demand (AD). d. An increase in aggregate expenditure decreases aggregate supply (AS), which decreases real GDP, which induces an decrease in consumption expenditure (C), and which further decreases aggregate supply (AS). 2. How do banks create money? Group of…
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4. Planned expenditure and income The following table shows consumption (C), investment spending (I), and government purchases (G), in a hypothetical economy for various levels of income. Also assume that there is an income tax rate of 25%, that base consumption is $100 billion, and that the MPC is 0.333, or 1/3. This economy is closed, with no international trade, therefore net exports are equal to zero and should not be considered. Use the given information to fill in disposable income, consumption, and planned expenditures in the following table. Income: Real Disposable (After Tax) Planned GDP Income C I, G Expenditures (Billions of (Billions of dollars) (Billions of (Billions of (Billions of (Billions of dollars) dollars) dollars) dollars) dollars) 100 50 150 100 50 150 200 50 150 300 50 150 400 50 150 500 50 150
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Calculating the MPSAnd MPC. In one year a consumer income increase by $200 and her consumption increase by $140 ? Her marginal propensity to consume is equal to __. Her marginal prosperity to save is equal to __. (Thanks)