The table below shows aggregate expenditure in the short-run, answer the following questions in the spaces provided below Aggregate output (Y) C I G Aggregate Expenditure AE 0 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 1 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 5 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
The table below shows aggregate expenditure in the short-run, answer the following questions in the spaces provided below Aggregate output (Y) C I G Aggregate Expenditure AE 0 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 1 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 5 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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The table below shows aggregate expenditure in the short-run, answer the following questions in the spaces provided below
Aggregate output (Y)
C
I
G
Aggregate Expenditure AE
0
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
1
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
5
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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