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 = $_____ billion- Investment = $_____ billionb. What are saving and actual investment at that level?- Saving = $_____ billion- Investment = $_____ billionc. What are saving and planned investment at the $340 billion level of domestic output?- Saving = $_____ billion- Investment = $_____ billiond. What are the levels of saving and actual investment?- Saving = $_____ billion- Investment = $_____ billione. In which direction and by what amount will unplanned investment change as the economy moves from the $380 billion level of GDP to the equilibrium level of real GDP?- Unplanned inventories will (Click to select) by $_____ billion.f. From the $340 billion level of real GDP to the equilibrium level of GDP?- Unplanned inventories will (Click to select) by $_____ billion. The table below shows levels of employment, output, consumption, and saving for a private closed economy.| Possible Levels of Employment, Millions | Real Domestic Output, Billions | Consumption, Billions | Saving, Billions ||------------------------------------------|-------------------------------|----------------------|------------------|| 40 | $240 | $244 | -$4 || 45 | $260 | $260 | 0 || 50 | $280 | $276 | 4 || 55 | $300 | $292 | 8 || 60 | $320 | $308 | 12 || 65 | $340 | $324 | 16 || 70 | $360 | $340 | 20 || 75 | $380 | $356 | 24 || 80 | $400 | $372 | 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.

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Answered: Using the consumption and saving data…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In the above table, at the $410 billion real domestic output (RGDP) level, which of the following would not occur? Select one: a. Real domestic output and aggregate expenditure would grow until they reach an equilibrium. b. Businesses would produce less c. Aggregate expenditure exceeds RGDP d. Inventories would decrease unplanned way
Refer to the table. Planned Planned Consumption Saving Planned Real GDP Investment $6,000 $1,000 $1,000 $5,000 10,000 0 10,000 14,000 1,000 15,000 18,000 2,000 20,000 22,000 25,000 26,000 30,000 If real Gross Domestic Product (GDP) equals $25,000, what is the average propensity to save? OA. 0.0 OB. 0.88 OC. 0.12 OD. 0.56
Use the initial settings (or any other non-zero value) for the Change in Autonomous Spending and MPC. Click the "Spending Rounds" button at the top of the Settings window. Which of the following describes how the Change in Spending value in each row is related to the Disposable Income value in the same row? O In each row, Change in Spending is Disposable Income minus MPC*(Change in Autonomous Spending). Change in Spending in each row is MPC x Disposable Income for that row. O Change in Spending is always half of Disposable Income. O Change in Spending is Disposable Income times the spending multiplier.
Fill in the aggregate saving column in the following table. (Include a minus sign if necessary.) Aggregate Income, Y $0 100 200 300 400 500 600 Aggregate Consumption, C $200 250 300 350 400 450 500 The value of the MPC is one decimal place.) T Aggregate Saving, S $-200 150 100 50 0 50 100 (Round your response to CXIE DE Aggregate consumption, C Aggregate saving, S 700- 600- 500- 400 300- 200 100- 0 -100- -200- 300- -400- 100 200 300 400 500 Aggregate income, Y 600
ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption is: C = 100 + 0.75Y Assume further that planned investment Ig and net exports Xn are independent of the level of real GDP and constant at Ig = 60 and Xn = 10. Recall also that, in equilibrium, the real output produced (Y) is equal to aggregate expenditures: Y = C + Ig + Xn Instructions: Round your answers to the nearest whole number.a. What is the equilibrium level of income or real GDP for this economy? Equilibrium GDP (Y) = $ . b. What happens to equilibrium Y if Ig changes to 40? Equilibrium GDP (Y) = $ . What does this outcome reveal about the size of the spending multiplier? Spending multiplier = .
Refer to the figure at right. The equilibrium level of real GDP will occur A. at point A. B. to the left of point A. C. to the right of point A. D. at the undetermined point on the graph depending upon the level of investment.
Consider the following information on aggregate income, consumption expenditure, and planned investment for a country: Aggregate Output/Income $3,950 4,150 Planned Consumption Investment $3,610 3,770 3,930 4,090 4,250 4,410 4,570 4,730 $500 500 4,350 4,550 4,750 4,950 500 500 500 500 5.150 500 5,350 500 When aggregate income is $4,350, O A. saving is $420 and unplanned investment (inventory change) is - $80. B. saving is $40 and unplanned investment (inventory change) is - $80. OC. saving is - $420 and unplanned investment (inventory change) is $500. O D. saving is - $80 and unplanned investment (inventory change) is $500. The equilibrium level of output/income is S (Enter your response as an integer.) Based on the information above, calculate the MPC and MPS. MPC =|. (Round your response to two decimal places.) MPS = (Round your response to two decimal places.)
true/false explain When savings equals investment, reducing savings and increasing consumption is especially effective in stimulating output.
Suppose that every additional 3 percentage points in the investment rate boosts GDP growth by 1 percentage point. Assume also that all investment must be financed with consumer saving. Note: Investment rate = Investment/GDP The economy is currently characterized by $12 trillion $2 trillion Consumption: Saving (= Investment): GDP: $14 trillion If the goal is to raise the growth rate by 2 percentage points, a. by how much must investment increase? billion b. by how much must consumption decline? : billion
I need questions 3,4 and 5.
How would I do D?
Based on the chart in question 8.06, if investment rises from $120 to $130 and the price level is fixed. By how much will the equilibrium real GDP increase?

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