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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.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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.
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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