Please help q21 ### Question 21Refer to the information provided in Figure 8.9 below to answer the questions that follow.### Figure 8.9The diagram in Figure 8.9 depicts a graph with the following components:- **X-Axis:** This represents Aggregate Output in millions of dollars, with values marked at intervals of 100, ranging from 0 to 300.- **Y-Axis:** This represents Aggregate Expenditures in millions of dollars, with values marked at intervals of 25, ranging from 0 to 225.- **45° Line:** A 45-degree line extends diagonally from the origin (0,0) up to the highest values on the x and y axes, representing points where aggregate expenditures equal aggregate output.- **AE Line:** A second line labeled AE extends from below the 45° line on the left to above the 45° line on the right, indicating varying levels of aggregate expenditures relative to aggregate output.- **Intersection Point:** There is a highlighted point where the AE line intersects with the 45-degree line. The coordinates for the intersection point align with the values of approximately 200 on the x-axis and 200 on the y-axis, indicating that at this point, aggregate expenditures equal aggregate output.### Multiple Choice Question:Refer to Figure 8.9. $200 million is:- ☐ the break even income.- ☐ where saving equals aggregate expenditures.- ☐ where saving equals consumption.- ☐ the equilibrium income.

Aggregate expenditure is the sum of all expenditures made by individuals, firms and government…

QUESTION 21 Refer to the information provided in Figure 8.9 below to answer the questions that follow. AE 225 200 175 150 45° 100 200 300 Aggregate output ($ millions) Figure 8.9 Refer to Figure 8.9. $200 million is O the break even income. O where saving equals aggregate expenditures. O where saving equals consumption. O the equilibrium income. Aggregate expenditures (%$ millions)

QUESTION 21 Refer to the information provided in Figure 8.9 below to answer the questions that follow. AE 225 200 175 150 45° 100 200 300 Aggregate output ($ millions) Figure 8.9 Refer to Figure 8.9. $200 million is O the break even income. O where saving equals aggregate expenditures. O where saving equals consumption. O the equilibrium income. Aggregate expenditures (%$ millions)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.4CE

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2) Below is the Table showing the annual gross electricity demand (TW.h) of Turkey versus gross do product a) Draw gross domestic product versus electricity consumption and find the equation of the line by the graphical method (be careful determining the dependent and the independent variables) b) By using the equation you have found, predict the electricity demand when GDP becomes 2500 billion S. Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 GDP (billion $) 800 928 1024 1120 1094 1250 1433 1532 1691 1861 1966 2040 2186 gross annual electricity consumption (TWh) 161 175 190 198 194 210 230 242 246 257 266 279 295
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Problem 1 Suppose the system of aggregate expenditures can be described by the following relationships and parameter values. C(Y – T) = 1200 + 0.8 (Y – T) I(r) = 100 – 3r G = 200 ;T = 200; r = 5; Ex = Im = 0 %3D 1. Find the equilibrium value ofY (output/income) in this model. Let this level of production be the economy's potential GDP (Y;).
Just answer the chart and the questions provided in the picture (Base (Base Yr Yr =2020) Nominal Rasi (1) (3) (4) Total Production с Xa Aggregate Expenditures (Real GDP) C++X 14.0 Column (5) below represents aggregate expenditures (AE-C+1₂+G=X) for an economy when there is no government spending or taxing (G-T-50) and Real GDP-PI-DI (5) (6) Aggregate (8) (7) After-tax Consumption Aggregate Expenditures Caft Caft+I+X+G Expenditures $100 $100 $80 $0 $180 $ $200 $160 $ 80 $0 $240 S C+1₂+X+G $ S $300 $220 $ $ $ 80 $0 $300 $ $400 $280 $ $ $ 80 SO $360 $ $500 $340 $ 80 $0 $420 $ $ $ $600 $400 $ 80 $ 0 $480 $ S $ $700 $460 $ 80 $0 $540 $ S S i. What is the equilibrium level of GDP (where TP-AE) with no government spending or taxing? Suppose the government now spends $80 billion at each level of GDP and taxes remain at zero. Now fill in the new AE in column (6) above. ii. What is equilibrium GDP (where TP=AE) with this level of government spending? iii. MPS- Calculate the marginal propensities…
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