The table below shows aggregate expenditure in the short-run, answer the following questions in the spaces provideo Aggregate output (Y) Aggregate Expenditure AE G 20 30 10 100 100 30 10 200 180 30 10 300 260 30 10 400 340 30 10 500 420 30 10 600 500 30 10 700 580 30 10

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter9: Aggregate Expenditures
Section: Chapter Questions
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The table below shows aggregate expenditure in the short-run, answer the following questions in the spaces provided below
Aggregate output
(Y)
Aggregate
Expenditure AE
C
G
20
30
10
100
100
30
10
200
180
30
10
300
260
30
10
400
340
30
10
500
420
30
10
600
500
30
10
700
580
30
10
What is the value of MPC
2
What is the value of MPS
3
What is the value of autonomous consumption (Ca)
4
Write the consumption function
What is the amount of equilibrium consumption
6
What is the amount of saving when Y = 200
7
What is the amount of autonomous expenditure
8
What is the amount of equilibrium expenditure
9.
What is the size of expenditure Multiplier
10
What is the value of unplanned inventory when Y = 350
Transcribed Image Text:The table below shows aggregate expenditure in the short-run, answer the following questions in the spaces provided below Aggregate output (Y) Aggregate Expenditure AE C G 20 30 10 100 100 30 10 200 180 30 10 300 260 30 10 400 340 30 10 500 420 30 10 600 500 30 10 700 580 30 10 What is the value of MPC 2 What is the value of MPS 3 What is the value of autonomous consumption (Ca) 4 Write the consumption function What is the amount of equilibrium consumption 6 What is the amount of saving when Y = 200 7 What is the amount of autonomous expenditure 8 What is the amount of equilibrium expenditure 9. What is the size of expenditure Multiplier 10 What is the value of unplanned inventory when Y = 350
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