IF demand equation is Qdx-20+3M assume that theincome of individuals are 30ORO. What will be the Qda.1500b. 320C.1250O d. 920

Answered: IF demand equation is Qdx-20+3M assume…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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2
Using the homogeneity condition and given a PED of -.28 with a YED of -1.28: What is the XED? A. -0.56 B. +0.56 C. -1.56 D. +1.56
3. C = 180 +o, 5ya I =400 100 or = 200 =300 M= 200 +OjZ g M d/p =24- 800r Ms lp= 760 relation Derive Ls
Suppose the level of GDP happens to be 1000, what is the amount of : Household saving? GDP TAX DI NE AE (NI) Ir400 (Ca-400 MPC-0.8) G-1,000 (10% of X-500 (rate 20%) GDP) 1,000 2,000 3,000 4,000 5,000 6,000 O 200 O -240 -400
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Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56 What do these MPC’s imply about the students’ thinking over the course of the year? (Enter response here.) What is likely happening in the economy during the same period of time?
Year GPP IncomedfIst Taale Incame of Dnd Tersile Incamedt3rd Terat 1950 atrilao,4Trillion 10.6 Trillion ITrillion doa016Till 0.8 Trillon l2.4 Trillionl 12.8 Trillicn Compute 6PP between 1950 and 2020 A, 1,200%. B. 100 Cil,H00 Y. D. l,600%-
Q10. Part part ii drop down boxes both give the options: A: Overestimate B: Underestimate C: Accurate estimate
7
C= 2000 + 0.5(Y-T)T= 200G= 400I= 500______________ 10. If government spending increases by $100, equilibrium outputincreases by:(A) $100. (B) $200. (C) $400. (D) $800.
Ewa spends all her 600 PLN bonus on the purchase of sweets and cosmetics. Draw the Ewa's budget line, knowing that her favorite sweets cost PLN 10 per pack and the price of cosmetics is PLN 25. •How will Ewa's situation be affected by the PLN 50 bonus increase? •What will happen if the price of cosmetics increases to PLN 30? •How, from the point of view of initial situation, we will evaluate the following quantitative combinations: –30 packages of sweets and 15 cosmetics –60 packages of sweets and 24 cosmetics –20 packages of sweets and 10 cosmetics –10 packages of sweets and 15 cosmetics
10 co Interest Rate (%) N B Investment Demand O E 0 $30 60 90 120 150 Investment ($) Price Level 0 AS Q₁ Real GDP ($) AD, (I=120) -AD₂ (I=90) *AD, (I=60) Refer to the above graphs, in which the numbers in parentheses near the AD₁, AD2, and AD3 labels indicate the level of investment spending associated with each curve, respectively. All numbers are in billions of dollars. The interest rate and the level of investment spending in the economy are at point C on the investment demand curve. To achieve the long-run goal of a noninflationary full-employment output Qf in the economy, the Fed should: decrease aggregate demand by increasing the interest rate. make no change in the interest rate. increase aggregate demand by decreasing the interest rate. increase aggregate demand by increasing the interest rate.

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IF demand equation is Qdx-20+3M assume that the income of individuals are 300RO. What will be the Qd a. 1500 b. 320 с. 1250 d. 920