! plz solved all parts for a like.. Use the following information to answerquestion 1 - 10 .C = 3000 + 0.6Y| = 1500G = 2500X = 1200IM = 0.2YT = 10%1) The equilibrium GDP is A) 8200 B) 10000C) 13666 D) 205002) The marginal propensity to consume is A)0.7 B) 0.6 6 C) 0. 6 D) 0.43) The marginal response of consumption isA) 0.7 B) 0.66 C) 0.6 D) 0.44) Marginal propensity to import is A) 0.4 B)О.3 С) 0.2 D) 0.15) Marginal propensity to spend is A) 0.8 B)0.6 C) 0.4 D) 0.26) The simple multiplier is A) 3 B) 2.5 C) 1.67D) 1.5 27) The autonomous private consumptionspending is A) 3000 B) 4000 C) 4500 D)57008) If the income tax increases by 5%, andthe MPC stays the same, then the newsimple multiplier is A) 2.5 B) 1.87 C) 1.58 D)1.59) If the government spending decreases by500, then the new equilibrium GDP is A)10000 B) 12833 C) 13166 D) 1366610) If exports increases to 1700, then thenew equilibrium GDP is A) 13166 B) 13666 C)14166 D) 14500

1.) The equilibrium level of GDP is GDP = C + I + G + X…

Answered: Use the following information to answer…

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Use the following information to answer question 1 - 10 . C = 3000 + 0.6Y | = 1500 G = 2500

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 6E

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