uestion 45 5 pts otential GDP equals $500 billion. The economy is currently producing GDP equal to $400 llion. If the MPC is 0.52, then autonomous spending must change by $. conomy to move to potential GDP? Please round to two decimal places where needed. billion for the Question 46 5 pts uppose Ford plans to produce 9.2 million trucks this year. The company expects to sell 7.5 nillion. Suppose that at the end of the year, Ford has sold 7.3 million trucks. What is the level of lanned inventories? Please round to the nearest one-decimal and enter as millions. For xample, if your answer was 4,500,000 you would enter the number 4.5.
uestion 45 5 pts otential GDP equals $500 billion. The economy is currently producing GDP equal to $400 llion. If the MPC is 0.52, then autonomous spending must change by $. conomy to move to potential GDP? Please round to two decimal places where needed. billion for the Question 46 5 pts uppose Ford plans to produce 9.2 million trucks this year. The company expects to sell 7.5 nillion. Suppose that at the end of the year, Ford has sold 7.3 million trucks. What is the level of lanned inventories? Please round to the nearest one-decimal and enter as millions. For xample, if your answer was 4,500,000 you would enter the number 4.5.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question 45
5 pts
Potential GDP equals $500 billion. The economy is currently producing GDP equal to $400
billion. If the MPC is 0.52, then autonomous spending must change by $ billion for the
economy to move to potential GDP? Please round to two decimal places where needed.
Question 46
5 pts
Suppose Ford plans to produce 9.2 million trucks this year. The company expects to sell 7.5
million. Suppose that at the end of the year, Ford has sold 7.3 million trucks. What is the level of
planned inventories? Please round to the nearest one-decimal and enter as millions. For
example, if your answer was 4,500,000 you would enter the number 4.5.
Question 47
5 pts
An economy sees consumption increase by $2,792 million when disposable income increases by
$4,770. Assuming the marginal propensity to consume remains constant, what is the marginal
propensity to save? Please round to the closest two decimal places.
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