J.Complete the accompanying table. Level of output and income (GDP - DI) Consumption Saving APC APS MPC MPS $6700 S-665 6725 6750 665 6775 670 6800 675 6825 680 6850 685 6875 690 6900 695 (a) What is the break-even level of income? How is it possible for households to dissave at very low income levels? ||

J.Complete the accompanying table. Level of output and income (GDP - DI) Consumption Saving APC APS MPC MPS $6700 S-665 6725 6750 665 6775 670 6800 675 6825 680 6850 685 6875 690 6900 695 (a) What is the break-even level of income? How is it possible for households to dissave at very low income levels? ||

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3. Complete the accompanying table. (a) What is the break-even level of income? How is it possible for households to dissave at very low income levels? Level of output and income (GDP = DI) Consumption Saving АРС APS MPC MPS $205 2$ -$5 230 255 5 280 10 305 15 330 20 355 25 380 30 405 35
Table 6.3 SINlions DO out of Compensation of employees Proprietors' income Corporate protit Net interest Rental income Deprecation Indirect taes 475 60 40 25 10 70 40 Direct taxes Subsidies Payments of tactor income to the rest of the world Receipts of factor income from the rest of the world 80 15 20. 15 Refer to Table 6.3. The value of disposable Income in billons of dollars Select one: a. cannot be calculated given the information in Table ó.3. b. Is 505. c is 560. d. is 605.
5 Output and Consumption (in millions of dollars) Real GDP (Y) Consumption (C) Gross Investment (1) Government Purchases (G) 42 28 9 Ask Net Exports (NX) Mc Graw Hill -2 What is the equilibrium level of ouput? Multiple Choice O $42 million О $28 million $84 million $14 million P
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(a) What is the current equilibrium level of national income? = (b) What is the level of injections 5+ 8 + 7= 206 (c) What is the level of withdrawals o 60+5+8+710-70 yoour TR:7bS-? (d) Assuming that tax revenues are 7 billion, how much is the level of savings? 13-50 040 (e) If national income now rises to 80 billion, and as a result, the consumption of domestically produced goods rises to 58 billion, what is the mpca (f) What is the value of multiplier? (g) Given the initial level of national income of 80 billion, now assume that spending on exports rises by 4 billion, spending on investment rises by 1 billion, and government expenditure falls by 2 billion. By how much the national income will change? 83 Q2, You find the following economic data for a closed economy Utopia: Marginal propensity to consume = 0.6, Investment = 30, Governement spending = 20 Government revenues =20 (Tax collection) People will consume a minimum of 10, no matter what their income is. 4=80 2. I=6 1. What is…
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The 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
1. Consider a closed economy without a government. If the GDP of theeconomy is $25,000 and the saving rate in the economy is 25 percent, theaggregate saving in the economy is ________.A) $3,320B) $6,250C) $8,000D) $8,650
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