Economics Gross Domestic Product Consumption 100 100 200 160 300 220 400 280 500 340 600 440 Expected Rate of Return Amount of Investment 15% $0 12 40 9 80 6 120 3 160 0 200 Please answer the next 4 questions based on the data in the table above. Also, r = 12%, G = 120, and net exports = 0. 11. The multiplier is equal to ________. 12. Equilibrium GDP = ______. 13. If r increases to 15%, ceteris paribus then equilibrium GDP is now equal to _______. 14. The MPC is equal to _______.
Economics Gross Domestic Product Consumption 100 100 200 160 300 220 400 280 500 340 600 440 Expected Rate of Return Amount of Investment 15% $0 12 40 9 80 6 120 3 160 0 200 Please answer the next 4 questions based on the data in the table above. Also, r = 12%, G = 120, and net exports = 0. 11. The multiplier is equal to ________. 12. Equilibrium GDP = ______. 13. If r increases to 15%, ceteris paribus then equilibrium GDP is now equal to _______. 14. The MPC is equal to _______.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Economics
100 | 100 |
200 | 160 |
300 | 220 |
400 | 280 |
500 | 340 |
600 | 440 |
Expected
15% | $0 |
12 | 40 |
9 | 80 |
6 | 120 |
3 | 160 |
0 | 200 |
Please answer the next 4 questions based on the data in the table above. Also, r = 12%, G = 120,
and net exports = 0.
11. The multiplier is equal to ________.
12. Equilibrium GDP = ______.
13. If r increases to 15%, ceteris paribus then equilibrium GDP is now equal to _______.
14. The MPC is equal to _______.
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