Fill in the aggregate saving column in the followingtable. Use the data in the table to calculate the con-sumption function and the saving function, and plotthese functions as well as the 45-degree line on a graph.What are the values for the MPC and the MPS?AggregateIncome, YAggregateConsumption, CAggregateSaving, S$ 0$200100250200300300350400400500450600500

Aggregate Income, Y Aggregate Consumption, C Aggregate savings, S $0 200 0-200=-200 100 250…

Answered: Fill in the aggregate saving column in…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider the following graph: Consumption 8,000 4,000 The slope is: 1.2 2.5 A 0.4 B 10,000 Disposable income indeterminate from this information 20,000
Consider an economy described by the following equations:Y=C + I +GY=7,000G=4000T=2,000C=150+0.75(Y-T)I=1,000-50rc. Now suppose the G rises by 1,000. Compute private saving, public saving, andnational saving and show a graphical representation of your answer.
Refer to the information provided in Table Below to answer the questions that follow Y C S 0 50 -50 50 60 -10 75 65 10 100 70 30 120 74 46 140 78 62 160 82 78 1- If the Consumption Function is C= 50+0.2Y 2- Find the consumption and the saving for this economy. 3- Illustrate by graph the consumption function.
Given Table 12-6 below, fill in the values for saving. Assume taxes = $800. Table 12-6 National Income $11,400 11,800 12,200 12,600 Consumption $7,500 7,800 8,100 8,400 Use the editor to format your answer Saving
answer quickly
5 GDP (Y) Consumption (C) Investment (I) $ 0 $ 60 $ 30 100 120 40 200 180 50 300 240. 60 400 500 300 360 70 BO (Advanced analysis) The table gives data for a private closed economy. The letters Y, C, S, and /are used to represent real GDP, consumption, saving, and Investment, respectively. The equation representing the Investment schedule for the economy is O Multiple Choice 1=0.3Y /= 80-03Y =30+0.1Y 10-30
Given the scatter diagram in Figure 8-1, what is the MPC (your best estimate)? a. 1 b. 2/3 c. 1/2 d. 1/3 I know the answer of this question answer is 2/3 but can you please give the explanation how 2/3 is the answer of the problem
Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The technology matrix M is: A BE uarruarruarr (4 [0.6 0.2 0.1 0.4 0.1 0.1 0.4] 0.1 0.1 B 0.1 M How much input from A, B, and E are required to produce a dollar's worth of output for B? How much input from A is required to produce a dollar's worth of output for B? How much input from B is required to produce a dollar's worth of output for B? How much input from E is required to produce a dollar's worth of output for B ? Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The technology matrix M is: A BE ↑ ↑ ↑ A-> 0.6 0.2 0.1 B-> =M 0.1 0.4 0.1 E-> 0.1 0.1 0.4 How much input from A, B, and E are required to produce a dollar's worth of output for B? How much input from A is required to produce a dollar's worth of output for B? How much input from B is required to produce a dollar's worth of output for B? How much input from E…
Consider the following economy. What is the mpc in this economy? Planned Government Net Exports Aggregate Change in Real GDP (Y) Consumption (C) Investment (I') Purchases (G) (NX) Expenditures (AE) Inventories 10000 8200 800 11000 9000 600 12000 9800 13000 14000 15000 800 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 0.50 b 0.75 C 0.80 d 0.90
The table given below shows the values of different components of aggregate expenditure of an economy. At the equilibrium level of gross domestic product (GDP), saving equals Table 9.2 (Trillions of Dollars) Real Net Disposable Consumption Saving Planned Government Net Planned GDP Таxes Income (C) (S) Investment Purchases Exports Aggregate (Y) (NT) (Y – NT) (I) (G) (X – M) Expenditures C+I+G+(X-M) 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 O a. $0.2 trillion O b. $0.1 trillion O c. $0.3 trillion O d. $0.4 trillion O e. $0.5 trillion
Q.1.2 Should a measure of wealth be included in the consumption function and, if so, what should that measure be? Has wealth in fact been found to be an important determinant of consumer expenditure?

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