Real-Time Data Analysis Exercise The following table contains income and consumption data from ERED" for the fourth quarter of 2020. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value Personal Income $19,504.419 billion Disposable Personal Income $17.268 294 billion Personal Consumption Expenditures $14,542 383 billion Since personal consumption expenditures are exceeded by disposable income, the implication is that the fourth quarter of 2020 saw households engaged in saving investment both

Real-Time Data Analysis Exercise The following table contains income and consumption data from ERED" for the fourth quarter of 2020. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value Personal Income $19,504.419 billion Disposable Personal Income $17.268 294 billion Personal Consumption Expenditures $14,542 383 billion Since personal consumption expenditures are exceeded by disposable income, the implication is that the fourth quarter of 2020 saw households engaged in saving investment both

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Budget Analysis (9’) The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions. 2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05 Assuming City A’s population grows at a constant rate in the next decade. Based on the information in the table, estimate City A’s population in 2030. Calculate per capita spending in 2010 and 2020, respectively, using constant dollars. Calculate the compound annual growth rate of per capita spending from 2010 to 2020
- If personal income taxes are increased, disposable income and consumption increase. stay the same. decrease. change in an unpredictable direction
Real-Time Data Analysis Exercise The following table contains data for nominal GDP, real GDP, and potential real GDP from FRED* for the fourth quarter of 2020. U.S. GDP Data Value (in billions) $21,487.9 21,496- Series 20,597- Nominal GDP 19,698 Real GDP Potential real GDP $18,783.9 $19414.2 18,799- 5 17,900- A variable identified as real is one that is measured in V dollars. 17,001- 16,102- base-year 15,203- current 14,304- 13.405- 12,506- Q4: 1404: 1624: 1804: 20 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. GDP (billions of dollars)
i need help with this macro econmics question 4
Given the scatter diagram in Figure 8-1, what is the MPC (your best estimate)? a. 1 b. 2/3 c. 1/2 d. 1/3 I know the answer of this question answer is 2/3 but can you please give the explanation how 2/3 is the answer of the problem