Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as whole numbers) Real GDP ( $13,000 $14,000 $15,000 $16,000 $17,000 Consumption (C) $6,500 $7,000 Planned Investment ( $1,300 $1,300 $1,300 $1,300 $1,300 Government Purchases (G) $1,300 1,300 1,300 1,300 1,300 Net Exports (NX) -$325 -$325 -$325 -$325 -$325
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- 16) If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal S8,000, rental receipts on land are $200, total business profits before taxes are $2,200, depreciation is $1,750, and indirect business taxes are $1,000, then gross domestic income is A) S15,350. B) S13,350. C) $13,150. D) S11,400.if Government Spending (G) is $200 million, Tax Revenue (T) is $260 millio Consumption is $300 million, and GDP P(Y) is 780 millionPrivate saving isGiven 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
- 1. From the table below, gross domestic product equals: a. $1,110 b. $1,265 c. $1,470 d. $1,695 Personal Income Taxes $130 Government Purchases of Goods and $150 Services Gross Private Domestic Investment $230 Net Interest $75 Sales Taxes Net Exports of Goods and Services Personal Consumption Expenditures Depreciation $35 $55 $725 $175ADVANCED ANALYSIS Linear equations for the consumption and saving schedules take the general form C= a+ bY and S=-a+ (1- b) Y, where C, S, and Yare consumption, saving, and national income, respectively. The constant a represents the vertical intercept, and b represents the slope of the consumption schedule. a. Use the following data to substitute specific numerical values for a and b in the consumption and saving equations. National Income (Y) Consumption (C) $ 70 100 140 210 200 300 280 350 480 Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers: b. What is the economic meaning of b? MPC What is the economic meaning of (1- 6)?стор 0 The goverment report that (GDP) Increased by 1.6 6 1.6 percent in the last quater. This statement means that GOP Increased @by 6.4 percent for the year (6) rate of 6.4 percent 1 at an annual rate of 6.4 during last quater Ⓒ) at an annual rate of 1.6 during the las quater d at an annual rate of 4 4 percent during the last quater.
- At the equilibrium level of GDP in the table below, injections equal to? Leave your answer in RM trillion. * (trillions of Ringgit) Planned Real GDP Taxes (Y) (NT) (Y- NT) Disposable Income Planned sumption Saving Investment Purchases (1) Con- Government Aggregate Expenditures (X-M) C+1+G+(X-M) Net Net Exports (C) (S) (G) 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 Your answerThe equilibrium level of real GDP is Real GDP Consumption (Y) (C) $8,000 $6,200 9,000 10,000 11,000 12,000 6,850 7,500 8,150 8,800 Planned. Gov't Net Investment Purchases Exports Aggregate Planned (1) $1,675 (G) (NX) $1,675 -$500 Expenditure $9,050 1,675 1,675 -$500 9,700 1,675 1,675 -$500 1,675 -$500 1,675 -$500 1,675 1,675 10,350 11,000 11,650 Unplanned Change in Inventories $-1,050 -700 -350 350(d) Had the government lowered personal income taxes by $20 billion instead of increasing spending by $20 billion, would the maximum total change in real GDP be greater than, smaller than, or the same as the one calculated in part (b) ? Explain.
- perating under a balanced government budget. Real Interest Rate (Percent) 2 National Saving (Billions of dollars) 65 60 55 50 45 40 Domestic Investment (Billions of dollars) 25 35 45 55 65 75 Net Capital Outflow (Billions of dollars) -20 -15 -10 5 0 5Refer to the information provided in Table Table Compensation of employees Proprietors' income Corporate profit Net interest $Billions 475 60 40 25 Rental income Deprecation Indirect taxes 10 70 40 Direct taxes 80 Subsidies 15 Pay ments of factor income to the rest of the world Receipts of factor income from the rest of the world 20 15 Refer to Table The value of disposable income in billions of dollars Select one: a. cannot be calculated given the information in Table b. is 505. C. is 605. d. is 560.8- A person’s disposable income decreases, and his personal income remains unchanged. This is because of ______. a. Decreased personal taxes b. Increased personal taxes c. Increased corporate taxes d. Unemployment reasons