The equations defining a simple model of the economy are: C = 0.75Y+ 18 and I 22 where C, Y and I denote consumption, national income and planned investment, respectively. Use this model to complete on the interval 0SYS 200 (Persamaan yang mendefinisikan model ekonomi sederhana adalah: C = 0.75Y + 18 dan I = 22 dimana C, Y dan I masing-masing menunjukkan konsumsi, pendapatan nasional dan investasi yang 3. following table of values and hence draw an accurate graph of C+I plotted against Y direncanakan. Gunakan model ini untuk melengkapi tabel nilai berikut dan dengan demikian gambarlah grafik akurat C+I yang diplot terhadap Y pada interval 0 Y 200) 100 200 C+1 By drawing a second line on the diagram, calculate the equilibrium level of national income. Use your graph to explain what happens to the equilibrium level of national income when the marginal propensity to consume decreases with autonomous consumption fixed. (Dengan menggambar garis kedua pada diagram, hitung tingkat ekuilibrium pendapatan nasional. Gunakan grafik Anda untuk menjelaskan apa yang terjadi pada tingkat ekuilibrium pendapatan nasional ketika kecenderungan mengkonsumsi marjinal menurun dengan konsumsi otonom tetap.)

The equations defining a simple model of the economy are: C = 0.75Y+ 18 and I 22 where C, Y and I denote consumption, national income and planned investment, respectively. Use this model to complete on the interval 0SYS 200 (Persamaan yang mendefinisikan model ekonomi sederhana adalah: C = 0.75Y + 18 dan I = 22 dimana C, Y dan I masing-masing menunjukkan konsumsi, pendapatan nasional dan investasi yang 3. following table of values and hence draw an accurate graph of C+I plotted against Y direncanakan. Gunakan model ini untuk melengkapi tabel nilai berikut dan dengan demikian gambarlah grafik akurat C+I yang diplot terhadap Y pada interval 0 Y 200) 100 200 C+1 By drawing a second line on the diagram, calculate the equilibrium level of national income. Use your graph to explain what happens to the equilibrium level of national income when the marginal propensity to consume decreases with autonomous consumption fixed. (Dengan menggambar garis kedua pada diagram, hitung tingkat ekuilibrium pendapatan nasional. Gunakan grafik Anda untuk menjelaskan apa yang terjadi pada tingkat ekuilibrium pendapatan nasional ketika kecenderungan mengkonsumsi marjinal menurun dengan konsumsi otonom tetap.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Q. Table provided gives data on gross domestic product (GDP) for the United States for the years 1959–2005. a. Plot the GDP data in current and constant (i.e., 2000) dollars against time. b. Letting Y denote GDP and X time (measured chronologically starting with 1 for 1959, 2 for 1960, through 47 for 2005), see if the following model fits the GDP data: Yt = β1 + β2 Xt + ut Estimate this model for both current and constant-dollar GDP. c. How would you interpret β2? d. If there is a difference between β2 estimated for current-dollar GDP and that estimated for constant-dollar GDP, what explains the difference? e. From your results what can you say about the nature of inflation in the United States over the sample period? Please answer c, d, and e. Thank you!
Using the following data, calculate productivity: GDP = 100 billion Employment = 1 million %3D Annual hours worked per worker = 2,000
By letting the GDP (gross domestic product) be the dependent variable (y), and the year (2002 - 2021) be the independent variable (x), answer the following question: Based on the line graph of the two countries, comment on the significant features from the graphs (identify any unusual points, if any, and observe the trend line). Compare the results of the GDP in these two countries. (Pls refer to the table and line graph in the image attached below) GDP 1.2E+11 1E+11 8E+10 6E+10 4E+10 2E+10 0 4.5E+12 4E+12 3.5E+12 3E+12 2.5E+12 2E+12 1.5E+12 1E+12 5E+11 0 Ethiopia (GDP) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years Germany (GDP) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years
Table 8 Amounts of New Solar Power Installed in the United States Amount of New Solar Power Installed Year (megawatts) 2006 2007 105 160 2008 290 2009 435 2010 878 2011 1891 3300 2012 Source: GTM Research If the model is given by: y 2.73(1.80)*, what is the growth rate? O the growth rate is 273%. O The growth rate is 80%. O can not be determined from the equation. O The growth rate is 73% O The growth rate is 180%. 99+ a
We have obtained the following information about Real GDP in the U.S. economy from 1973:01 through 1975:Q++Data has been provided by the Bureau of Economic Analysis (BEA): Real GDP (billions of chained 2012 $) $5,646.3 $5,707.8 $5,677.7 $5,731.6 $5,682.4 $5,695.9 $5,642.0 $5,620.1 $5,551.7 $5,591.4 $5,687.1 $5,763.7 Year 1973 1974 1975 Quarter Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 A. Create a graph of the above Real GDP data and label the phases of the Business Cycle (Peak, Trough, Recession, Recovery/Expansion). B. In what quarter did the U.S. economy reach a business cycle peak? C. In what quarter did the U.S. economy reach the trough of the business cycle? D. What was the percent decline in Real GDP from the business cycle peak to the trough? RGDP trough - RGDP peak Hint: Economic Growth Rate = x 100 RGDP peak
T. Haavelmo devised a model of the US economy for the years 1929–1941 based on the followingequations:(i) c = 0.712y + 95.05 (ii) s = 0.158(c + x) − 34.30(iii) y = c + x − s (iv) x = 93.53Here x denotes total investment, y is disposable income, s is the total saving by firms, and c istotal consumption. Write the system of equations in the form (1) when the variables appear inthe order x, y, s, and c. Then find the solution of the system.
2. Question 2: Suppose that you estimate a model of the aggregate annual retail sales of new cars that specifies that sales of new cars are a function of real disposable income, the average retail price of a car adjusted by the consumer price index, and the number of sports utility vehicles sold (you decide to add this independent variable to take account of the fact that some potential new car buyers purchase sports utility vehicles instead). You use the data (annual from 2000 to 2014) and obtain the following estimated regression equation: CARS, = 1.32 + 4.91Y D; + 0.0012 PRICE, - 7.14 SUV (2.39) (0.00045) (71.40) 1 where CARS = new car sales (in hundreds of thousands of units) in year t, YD; = real disposable income (in hundreds of billions of dollars), PRICE = the average real price of a new car in yeart (in dollars), SUV = the number of sports utility vehicles sold in year t (in millions). You expect the variable YD to have a positive coefficient and the variables PRICE and SUV to…
The unemployment rate in a certain country was dropping at a constant rate of 0.2% (= 0.002, in decimals) between 2009 and 2019. In 2012, the unemployment rate was 3.5%.Let t be the number of years since 2009 and let U(t) be the unemployment rate at year t.(a) Find a formula for the function U. (Hint: use decimals in place of percentages.)U(t) =(b) Assuming the model is valid for a couple of more years after 2019, calculate the expected unemployment rate in year 2021. Enter your answer as a percentage.
Use this data and develop a model of a truck's annual maintenance expenses based on its weekly usage in hours. If the truck's weekly usage is 25.3 hours, we should expect its annual maintenance expense to be: (Keep one decimal place) Weekly Usage (hours) Annual Maintenance Expense 13 17.0 10 22.0 20 30.0 28 37.0 32 47.0 17 30.5 24 32.5 31 39.0 40 51.5 38 40.0
In 1928, Charles Cobb and Paul Douglas published a study in which they modeled the growth of the US economy during the period 1899 to 1922. The function used to model production was of the form: (1) P(L, K) = 6LªK!-a where P is total production (monetary value of goods produced in the year); L, the amount of work (total number of person-hours worked in a year); and K, the amount of capital invested (monetary value of machinery, equipment and buildings). In these terms, the hypotheses made by Cobb and Douglas can be stated as follows: (i) If either labor or capital cancel each other out, so does production. (ii) The marginal productivity of labor is proportional to the amount of output per unit of work. (iii) The marginal productivity of capital is proportional to the amount of production per unit of сapital. 1. The output per unit of work is (a) Tick the alternative that, for some constant a, describes the hypothesis (ii) = aP·L. = a. P () aL L P = a. (b) If we keep K constant, K = K0,…
When you copy a formula Excel erases the original copy of the formula O Excel edits cell references in the newly copied formula Excel adjusts absolute cell references Excel doesn't adjust relative cell references
The graph says: Clothing (units per 16 week) 14 12 10 1 2 3 4 5 Food (units per week) You are willing to give up 6 units of clothing to get the first unit of food You are willing to give up 4 units of clothing to get the third unit of food You are willing to give up 1 unit of clothing to get the fourth unit of food You are willing to give up 2 unit of clothing to get the fifth unit of food You are willing to give up 6 units of clothing to get the third unit of food