The equilibrium level of real GDP isReal GDP Consumption(Y)(C)$8,000$6,2009,00010,00011,00012,0006,8507,5008,1508,800Planned. Gov't NetInvestment Purchases Exports AggregatePlanned(1)$1,675(G) (NX)$1,675 -$500Expenditure$9,0501,6751,675 -$5009,7001,6751,675 -$5001,675-$5001,675-$5001,6751,67510,35011,00011,650UnplannedChange inInventories$-1,050-700-350350

Aggregate expenditure is the sum of consumption, investment, government expenditure and net exports…

F The equilibrium level of real GDP is Real GDP Consumption (C) $6,200 (Y) $8,000 9,000 10,000 11,000 12,000 6,850 7,500 8,150 8,800 Planned. Gov't Net Planned Investment Purchases Exports Aggregate (1) (G) (NX) -$500 Expenditure $9.050 $1,675 $1,675 1,675 1,675 1.675 1,675 1,675 1,675 1,675 -$500 1,675 -$500 -$500 9,700 -$500 10,350 11,000 11,650 Unplanned Change in Inventories $-1.050 -700 -350 350

F The equilibrium level of real GDP is Real GDP Consumption (C) $6,200 (Y) $8,000 9,000 10,000 11,000 12,000 6,850 7,500 8,150 8,800 Planned. Gov't Net Planned Investment Purchases Exports Aggregate (1) (G) (NX) -$500 Expenditure $9.050 $1,675 $1,675 1,675 1,675 1.675 1,675 1,675 1,675 1,675 -$500 1,675 -$500 -$500 9,700 -$500 10,350 11,000 11,650 Unplanned Change in Inventories $-1.050 -700 -350 350

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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
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2. Saving and investment in the national income accounts The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,800 million. Enter the amount for government purchases. National Income Account Value (Millions of dollars) Government Purchases (G�) Taxes minus Transfer Payments (T�) 585 Consumption (C�) 675 Investment (I�) 675 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 (�) = = G - TG - T = = I� 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 SavingPrivate Saving = = = = million Public SavingPublic…
Table 1 Real GDP Consumption Planned Investment Government Purchases Net Exports $2,000 $1,600 $250 $250 $100 2,500 2,000 250 250 100 3,000 2,400 250 250 100 3,500 2,800 250 250 100 Table 2 Real GDP Aggregate Expenditure Unplanned Change in Inventories Real GDP Will... (increase, decrease, or be in equilibrium) $2,400 2,500 3,000 3,500 Examine the Table 1 information provided and perform the following activities for Table 2: For each level of Real GDP, calculate aggregate expenditure, unplanned change in inventories, and indicate what will happen to GDP (increase, decrease or be in equilibrium). Explain how you derived the Aggregate Expenditure and Unplanned Change in Inventories Explain how the values in the Unplanned Change in Inventories column dictate what will happen to the Real GDP.…
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4) Listen Consumption per period (billions of dollars) 券 $1,600 1,400 Consumption 1,200 శ్రీఎనాలడ్ =శ 1,000 800 400 200 $400 800 1,200 1,600 2,000 2,400 Disposable personal income per period (billions of dollars) Reference: Ref 11(26)-3 Figure: Consumption and Disposable Personal Income (Figure: Consumption and Disposable Personal Income) Use Figure: Consumption and Disposable Personal Income. When disposable personal income is $2,000 billion, consumption is billion.
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.
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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