**Figure 4 Analysis****Graph Description:**The graph is a grid chart that measures "Expenditures" on the vertical axis and "Disposable Income" on the horizontal axis. Both axes are scaled from 0 to 10,000 in increments of 1,000. Three lines are plotted:- The line labeled "C" is the lowest and represents consumption.- The line labeled "C + I" is in the middle and includes consumption plus investment.- The top line labeled "C + I + G" includes consumption, investment, and government spending.The lines intersect the expenditures axis and increase linearly as disposable income increases.**Questions:**1. *In Figure 4, how much is government spending when disposable income is 3000?* To find government spending when disposable income is 3000, observe where the "C + I + G" line intersects the expenditures level at 3000 on the disposable income axis. The difference between the "C" and "C + I + G" lines at this point reflects government spending.2. *In Figure 4, how much is government spending when disposable income is 9000?* Similarly, observe where the "C + I + G" line intersects the expenditures level at 9000 on the disposable income axis. The difference between the "C" and "C + I + G" lines at this point indicates government spending.

Figure 4 Expenditures 9000 6000 3000 3000 6000 Disposible Income 1. In Figure 4, how much is government spending when disposable income is 3000? CH-G 9000 2. In Figure 4, how much is government spending when disposable income is 9000?

Figure 4 Expenditures 9000 6000 3000 3000 6000 Disposible Income 1. In Figure 4, how much is government spending when disposable income is 3000? CH-G 9000 2. In Figure 4, how much is government spending when disposable income is 9000?

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

C4. What is the meaning of the term ‘tax expenditure’?
please help me solve
You are told that taxes in this economy are equal to 100. What is the value of autonomous consumption? Planned Government Net Exports Aggregate Change in Real GDP (Y) Consumption (C) Investment (1') Purchases (G) (NX) Expenditures (AE) Inventories 1500 1100 250 1600 1175 100 1700 1250 1800 1900 2000 75 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 50 75 100 d. 125
Real GDP $0 10 40 70 100 130 160 Consumption Gross (after taxes) Investment Net Exports $10 $+5 10 +5 10 +5 10 +5 10 +5 10 +5 10 +5 -$20 0 20 40 60 80 100 O Refer to the table. A decrease in government purchases of $5 would Multiple Choice decrease real GDP by $5. decrease real GDP by $15. increase real GDP by $5. Government Purchases $15 15 15 15 15 15 15 increase real GDP by $10.
Fill in blanks based on the table 1. First blank pick from these choices- A. The economy is in equilibrium B. Firms would have a $50 billion reduction in inventories C. Firms would have excess inventories of $50 billion D. Agreggate expidenture must also equal $900 billion 2. Second blank pick from these choices- A. Decrease production B. Keep production the same C. Increase production
Plz solve in 15 min it's urgent.
Please 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?
9. Using the expenditure approach, government expenditures include a) defense and nondefense federal, state, and local government expenditures. b) only nondefense federal government expenditures. c) federal government expenditures and transfer payments. d) only state and local government expenditures. e) residential investment and state and local government expenditures.
Give typing answer with explanation and conclusion What is the ranking of the following provincial and local government expenditure categories from largest to smallest? a. health, social services, education b. social services, debt service, education c. debt service, health, education d. health, education, social services
Pls help with below homework.
I don't understand this question
2