Currently, the US has a total consumption of $26,300,000, saving of $10,800,000, tax revenues of $11,500,000, and investment of $14,800,000. Calculate the size of this government's budget surplus. $
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- Typed plzxz And Asap I vll upvotePlease see attachment Answer neatly Show all your work. Based on the above diagram: 1. Calculate MPC? 2. If Private Investment increases by 100, calculate the new level of NI. 3. If full-employment NI is at 3000, by how much should Government spending change? 4. What is the new NI, If 1/2 of those government expenditures are financed through taxes?3. Suppose the MPC is 0.8. The government wants to decrease Total Spending by $600. How should it change G to achieve this goal? Show your work?
- Exercise D24 Compare two policies: a tax cut on income or an increase in government spending on roads and bridges. What are both the short-term and long—term impacts of such policies on the economy?If the MPC IS 0.9 What should the government do to increase GDP by $4500?3 bok t ces The simple economy of Altria shown in the table below has no government or taxes and no international trade. Its investment is autonomous and its MPC is constant. a. Complete the table below. Remember to use a minus (-) sign to indicate negative values. AE Y S I 200 0 400 800 1,200 1,600 2,000 C 200 500 800 1100 1400 1700 0 -200 -100 100 200 300 b. The value of expenditures equilibrium is $ c. The value of the multiplier is
- Our economics have redone their calculations. They now estimate that citizensin our country have an MPC of 0.60. We can fix the problem by decreasing GDP by 250. How much should we increase taxes?Only typed solutionThe cost of rebuilding the Philippines after typhoon Haiyan could reach USD 5.8bn”, a senior official has said. Assume the government of Australia Department of Foreign Affairs and Trade provided a grant of USD 5.8 billion. Also assume that despite the hardships the Philippine families experienced, 15% was the beneficiary savings from the Australian grant. Further, assume all other factors remain constant.a. Calculate the total effect of the spending multiplier of the Australian government grant on the Philippine economy GDP growth. b. Examine the overall multiplier effect of the USD5.8 billion grant on the Philippine economy. Answer asap n correctly with proper typed explanation
- Shown below is the aggregate expenditures model composed of consumption and investment spending for a closed economy. a. Show the effect of a $500 increase in government spending. Instructions: Click and drag on the expenditure line to move it to the correct position given the $500 increase in government spending. A Closed Economy Aggregate expenditures (billions of dollars) 16,000 15,000 14,000 13,000 12,000 11,000 45° 10,000 10,000 11,000 12,000 13,000 14,000 15,000 16,000 Real GDP (billions of dollars) Instructions: Enter your answer as a whole number. b. Looking at your graph, determine whether equilibrium GDP has increased, decreased, or stayed the same given the $500 increase in government purchases. Equilibrium GDP has (Click to select) v by $Typed and correct answer please. Very important for me. IThe table shows real GDP, Y, consumption expenditure, C, investment, /, government expenditure on goods and services, G, exports, X, imports, M, and aggregate planned expenditure, AE, in trillions of dollars. Taxes are constant. If government expenditure increases to $1.2 trillion but other things remain the same, what is equilibrium expenditure and what is the multiplier? >>> Answer to 1 decimal place. The new equilibrium expenditure is $ trillion. Planned expenditure Y C G X M AE 0 0.4 1.4 0.4 1.0 0.0 3.2 2 2.0 1.4 0.4 1.0 0.4 T 4 3.6 1.4 0.4 1.0 0.8 5.6 6 5.2 1.4 0.4 1.0 S 6.8 8 6.8 R 0.4 1.0 1.6 8.0 10 Q 1.4 0.4 1.0 2.0 9.2 12 10.0 1.4 0.4 1.0 2.4 10.4