Still with the same data on Macroland, a closed economy with nogovernment sector, and with fixed price level and interest rate.Fill-in the blank in the following table, then answer the followingquestion.GDPYdIplannedlunplanned202230503080301007030The Macroland's government reduced its taxes by 20, the income-expenditure equilibrium is expected to be:O 50O 80O 100O 150

Yd = Y - T (T denotes Tax.) Y = Yd + T. GDP Yd Y = Yd + T C = Y - Iplanned Iplanned Iunplanned…

Still with the same data on Macroland, a closed economy with no government sector, and with fixed price level and interest rate. Fill-in the blank in the following table, then answer the following question. GDP Yd C Iplanned lunplanned 20 22 30 50 30 80 30 100 70 30 The Macroland's government reduced its taxes by 20, the income- expenditure equilibrium is expected to be: O 50 O80 100 O150

Still with the same data on Macroland, a closed economy with no government sector, and with fixed price level and interest rate. Fill-in the blank in the following table, then answer the following question. GDP Yd C Iplanned lunplanned 20 22 30 50 30 80 30 100 70 30 The Macroland's government reduced its taxes by 20, the income- expenditure equilibrium is expected to be: O 50 O80 100 O150

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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determine the equilibrium level of real GDP and the MPC.
1
Question 41 The following equations describe the economy: C= 150 + 0.9Yd | = 150 G = 250 X 200 IM = 0.06Y T= 0.1Y At the equilibrium level of GDP, net exports are equal to a).-180 O b) - -20 Oc) 200 O d) 20 Next Page Previous Page Question 40 The following equations describe the economy: C = 150 + 0.9Y | = 150 G = 250 X 200 IM = 0.06Y T= 0.1Y In equilibrium GDP is equal to a) 3,000 b) 750 Oc) 3,750 O d) 7,500
From the following data, determine the equilibrium level of real GDP.The equilibrium level of real GDP is ______________.
Use the following graph to answer the next question. Price Level 0 AS3 AS₁ AS₂ Real Domestic Output, GDP Which of the following factors will shift AS1 to AS2? O An increase in real interest rates O A decrease in business subsidies O An increase in input prices O A decrease in business taxes.
Assuming the equilibrium condition is Y = C+1. Suppose S = -600 + 0.4Y, and I = 800. If income is presently at $4500 we can say that, ceteris paribus, a. national income will decrease toward equilibrium b. consumption will decrease. O C. national income will rise toward equilibrium. O d. national income is in equilibrium.
An inflationary gap is the amount by which: O Equilibrium GDP falls short of the full-employment GDP. O Aggregate expenditures exceed any given level of GDP. Saving exceeds investment at the full-employment GDP. Aggregate expenditures exceed the full-employment level of GDP. A Moving to another question will save this response. ere to search DELL
What could cause the following shift? O Increase in GDP. O Expansionary fiscal policy. O Decrease in future MPK. All of the above. FE IS LM
Suppose the current equilibrium GDP is less than potential GDP. Which of the following actions could the government take to close the output gap? Select one or more: O a. No action is necessary O b. Decrease expenditures C. Decreases taxes Od. Increase taxes O e. Increase expenditures
Which of the following is an injection in the circular flow of income? O Investment O Taxes Imports O Consumption 35
Suppose in the economy of Richlandia the GDP in 2021 was $ 150 billion. Also, assume that gross investments was $ 40 billion, personal consumption expenditure was $ 80 billion and net exports was -20 billion. What was the value of government spending in Richlandia in 2021? OA.$0 OB. $ 10 billion OC$ 50 billion OD.$ 30 billion