Level of Output and Income (GDP = DI) Consumption Saving АРС APS MPC MPS $480 $-16 520 560 16 600 32 640 48 680 64 720 80 760 96 800 112 Instructions: Enter your answer as a whole number. b. What is the break-even level of income in the table? %24 What is the term that economists use for the saving situation shown at the $480 level of income? (Click to select) C. For each of the following items, indicate whether the value in the table is either constant or variable as income chang The MPS: (Click to select) The APC: (Click to select) The MPC:(Click to select) The APS:(Click to select) -

Level of Output and Income (GDP = DI) Consumption Saving АРС APS MPC MPS $480 $-16 520 560 16 600 32 640 48 680 64 720 80 760 96 800 112 Instructions: Enter your answer as a whole number. b. What is the break-even level of income in the table? %24 What is the term that economists use for the saving situation shown at the $480 level of income? (Click to select) C. For each of the following items, indicate whether the value in the table is either constant or variable as income chang The MPS: (Click to select) The APC: (Click to select) The MPC:(Click to select) The APS:(Click to select) -

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Level of Output and
Income (GDP= DI)
Consumption
Saving
APC
APS
MPC
MPS
S480.
$-16
520
560
16
60
32
640
48
680
64
720
80
760
96
800
112
Des
Instructions: Enter your answer as a whole number.
b. What is the break-even level of income in the table?
What is the term that economists use for the saving situation shown at the $480 level of income?
(Click to select) Y
c. For each of the following items, indicate whether the value in the table is either constant or variable as income chanc
The MPS: (Click to select)
The APC: (Click to select)
The MPC: (Click to select)
The APS: (Click to select)
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se the information in the table to answer the following questions All numbers are in billions of 2012 dollars Real GDP (Y) $10,000 $11,000 $12,000 Consumption (C) $8.500 $0,300 $10,100 $10,000 $11.700 Planned Investment (1) $1,000 $1,000 $1,000 $13,000 $14,000 The equilibrium level of GDP is $ 12000 billion. The MPC is 0.8 (enter your response to two decimal places) Suppose that not exports increase by $200 billion. Using the multiplier formula, determine the new level of GDP A $200 billion increase in net exports leads to a change in spending of spillon, so the new level of GDP will be $billion $1,000 $1,000 Government Purchases (G) $1,400 $1,400 $1,400 $1,400 $1,400 Net Exports (NX) -$500 -$500 $500 -$500 -$500
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