The above table gives information for the nation of North Hampton. There are no imports to or exports from North Hampton. Find the following(Number your answers)What is the value of autonomous consumption?What is the value of autonomous G?What is the value of autonomous Ig?What is the value of autonomous expenditure?What is the value of equilibrium consumption?What is the value of MPC?What is the value of MPS?Write the consumption function Write the Saving function Write the Aggregate Expenditure AE functionWhat is the value of equilibrium expenditure?What is the value or the size of expenditure multiplier?What is the value of unplanned inventory when Y = $700What is the amount of Consumption when Y = $400What would be new equilibrium expenditure when autonomous investment increases by $25?what is the amount of saving when Y = $200? Real GDPсIG(billions of 2009 (billions of 2009 (billions of 2009 (billions of 2009dollars)100200300400500600700800900dollars)150200250300350400450500550dollars)150150150150150150150150150dollars)150150150150150150150150150

A consumption function states the positive relationship between real GDP and consumption. The…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The above table gives information for the nation of North Hampton. There are no imports to or exports from North Hampton. Find the following

(Number your answers)

What is the value of autonomous consumption?
What is the value of autonomous G?
What is the value of autonomous Ig?
What is the value of autonomous expenditure?
What is the value of equilibrium consumption?
What is the value of MPC?
What is the value of MPS?
Write the consumption function
Write the Saving function
Write the Aggregate Expenditure AE function
What is the value of equilibrium expenditure?
What is the value or the size of expenditure multiplier?
What is the value of unplanned inventory when Y = $700
What is the amount of Consumption when Y = $400
What would be new equilibrium expenditure when autonomous investment increases by $25?
what is the amount of saving when Y = $200?

Real GDP
с
I
G
(billions of 2009 (billions of 2009 (billions of 2009 (billions of 2009
dollars)
100
200
300
400
500
600
700
800
900
dollars)
150
200
250
300
350
400
450
500
550
dollars)
150
150
150
150
150
150
150
150
150
dollars)
150
150
150
150
150
150
150
150
150

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