The table below shows levels of employment, output, consumption, and saving for a private closed Possible Levels Real Domestic of Employment, Millions Output, Billions $ 240 260 280 300 320 40 45 50 55 60 65 70 75 80 340 360 380 400 Consumption, Billions $ 244 260 276 292 308 324 340 356 372 billion Saving, Billions -$4 0 4 8 12 16 20 24 28 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Using the consumption and saving data above and assuming planned investment is $20 billion, answer the following questions: a. What are saving and planned investment at the $380 billion level of domestic output? Saving $

The table below shows levels of employment, output, consumption, and saving for a private closed Possible Levels Real Domestic of Employment, Millions Output, Billions $ 240 260 280 300 320 40 45 50 55 60 65 70 75 80 340 360 380 400 Consumption, Billions $ 244 260 276 292 308 324 340 356 372 billion Saving, Billions -$4 0 4 8 12 16 20 24 28 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Using the consumption and saving data above and assuming planned investment is $20 billion, answer the following questions: a. What are saving and planned investment at the $380 billion level of domestic output? Saving $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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View History Bookmarks Tools Window Help Coy, Jonnifer - Outlo X C Martin County School District X S MyPath - Home Content https://ezto.mheducation.com/ ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl=https%25 Saved Level of Output and Income (GDP= DI) Consumption Saving APC APS MPC MPS S480. $-16 520 560 16 60 32 640 48 680 64 720 80 760 96 800 112 Des Instructions: Enter your answer as a whole number. b. What is the break-even level of income in the table? What is the term that economists use for the saving situation shown at the $480 level of income? (Click to select) Y c. For each of the following items, indicate whether the value in the table is either constant or variable as income chanc The MPS: (Click to select) The APC: (Click to select) The MPC: (Click to select) The APS: (Click to select) aw Prev 1 of 1 JAN 11 %24
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The table below shows levels of employment, output, consumption, and saving for a private closed economy. Possible Levels Real Domestic of Employment, Consumption, Billions Saving, Output, Billions Millions Billions 35 $230 $239 -$9 40 250 255 -5 45 270 271 -1 50 290 287 3 55 310 303 7 60 330 319 11 65 350 335 15 70 370 351 19 75 390 367 23 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Using the consumption and saving data above and assuming planned investment is $19 billion, answer the following questions: a. What are saving and planned investment at the $390 billion level of domestic output? Saving = $ billion Investment = $ billion b. What are saving and actual investment at that level? Saving = $ billion Investment = $ billion c. What are saving and planned investment at the $350 billion level of domestic output? Saving = $ billion Investment = $ billion d. What are the…
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Exhibit 18-4 Total Spending (billions of dollars) 2015 2016 C 3,906 4,140 O $717 billion O $1,079 billion $737 billion I $1,816 billion 737 797 G O Not enough information is given. 1,099 According to the data in Exhibit 18-4, 2015 national saving equaled 1,132 X -20 -30
Output/Income Consumption Savings MPC MPS APC APS 0 80 0-80 = -80 - - - - 100 140 100-140 = -40 0.6 0.4 1.4 -0.4 200 200 200-200=0 0.6 0.4 1 0 300 260 300-260=40 0.6 0.4 0.8666666667 0.1333333333 400 320 400-320=80 0.6 0.4 0.8 0.2 a. Assume Y= 400 Calculate the level of Consumption Hint: plug in 400 for Y into the Consumption and Savings equations, Also, calculate the following APC (C/Y); APS (S/Y) b. Calculate the Multiplier 1/(1-MPC) c. Assume Y= C + I + G + X I=20; G=30 X=0 Use the equation derived in (d) above; use this to Plug in the value of C into the equation. I=Busines Investments G= Government Spending X=Net exports