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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Based on the following statistics, how much is consumption? Total spending Investment Government spending Exports Imports O-$0.38 trillion O $5.13 trillion O $6.49 trillion O $11.62 trillion $11.62 trillion $2.56 trillion $2.95 trillion $1.80 trillion $2.18 trillion
Consumption expenditure (trillons of 2012 dollars) 25 45° line 20 15 Consumption funccion 10 E ua n e 10 15 20 Disporable income (crillions of 2012 dollars) 14
How is the marginal propensity to import calculated? The marginal propensity to import is equal to O A. disposable income minus consumption expenditure minus saving divided by real GDP B. the change in imports divided by the change in real GDP, other things remaining the same O C. imports minus exports D. the change in net imports divided by the change in disposable income, other things remaining the same Click to select your answer.
During 2019, a country reported that its real GDP increased by $3.0 billion. If the slope of its aggregate planned expenditure curve is 0.9, then which of the following might have led to the increase in real GDP? O a. Investment decreased by $0.3 billion. on O b. Exports increased by $0.3 billion. O c. Exports decreased by $0.3 billion. O d. Imports increased by $0.3 billion. O e. Government expenditure on goods and services increased by $3 billion.
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A Moving to another question will save this response. estion 14 When C lg = GDP in a private closed economy, S= lg and there are no unplanned changes in inventories O A. true. O B, false. >A Moving to another question will save this response.
1. dix Suppose the country produces only two goods: beef and wheat. The table below summarizes the quantities of each good produced and the corresponding prices in every year since 2005: Beef Wheat Nomin al PQP Q GDP 2005 $4 12 $1. 22 0 6 0 11 $1. 23 4 0 15 $1. 24 5 9 5 2007 2006 $4. 5 $4. 6 LO 5 LO Real GDP (in 2006 price s) GDP Deflat or Inflation Rate (using GDP Deflator) CP I Inflation Rate (using CPI)
During this time of COVID, many of us have enjoyed 'stimulus' payments from the US Treasury for amounts like $600 or $1200. In fact, every month I am getting a child tax credit in the amount of $700 (yes, I have a lot of kids!). How are these stimulus payments appearing in the GDP (if at all)? What specific component of GDP? What is the reason for these payments?
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determine the equilibrium level of real GDP and the MPC.