What is the value of autonomous expenditure in the following macroeconomic model?C= 1,000 + 0.75Y Consumption functionI= 500 Investment functionG= 600 Government spending functionNX =-300 Net export functionY = C+1+ G + NX Equilibrium condition800 O1,800 O2,400 O7,200 O

The expenditure that tends to remain unaffected by income levels and are being held to be constant…

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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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Let's incorporate the labor-leisure trade-off and capital income taxes in the two-period model. Let c₁, c₂ be consumption in two periods, I the number of hours worked, Te Te the proportional taxes on consumption in 2 periods, s the saving rate, w the wage rate, b pension in the 2nd period, and 7, the tax on savings (capital income tax). The household's maximization problem in this case is: given by maxe₁,e2,8,1-1 log(c₁) + log (1-1)+5log (c₂) such that (1+T₂) C₁+8 = (1-7)wl and (1+T₂)C₂ = [1+r(1-Ts)]s+b, where measures how the household values leisure vis-a-vis consumption.
Consider the model in chapter 3. Suppose the consumption equation is represented by the following function: C=250 +0.5YD. I-50, G-T-100. Given the above information,, we know that equilibrium consumption is O O O 600 450 800 550 650
In the Solow growth model with population growth and technological progress, the economy experiences a 5 per cent "labour-augmenting technological progress" if: Select one: O a. the economy grows by 5 per cent while the population stays the same. O b. the economy and the population grows by 5 per cent O c. the economy does not grow while the population grows by 5 per cent. O d. the population grows by 5 per cent.
2. What would be the impact of changing the determinant variables given in the first column (below) on investment? Factors affecting Investment Effect on Investment decrease in interest rate Increase in interest rate Increase in prices of capital goods There is no technology available in the country Demand for consumer goods decrease Government decided to increase corporation tax Increase in Subsidies
This multiple choice question from MACROECONOMICS course. just write for me the final answer.
Typed Answer please. I ll rate accordingly
The technology matrix for an economy based on agriculture A and manufacturing Mis: M or alternatively A t 1 0.6 0.2 A- M- M 0.3 0.6 A→ Find the output for each sector that is needed to satisfy a final demand of $44 million for agriculture and $30 million for manufacturing, using the alternative technology matrix GILD M 1 The alternative technology matrix is Use the alternative technology matrix to find the output for the agricultural sector that is needed. milions of dollars Use the alternative technology matrix to find the output for the manufacturing sector that is needed. millions of dollars Using the original technology matrix, 236 millions of dollars of output from the agricultural sector satisfied the final demand. Using the original technology matrix 252 millions of dollars of output from the manufacturing sector satisfied the final demand. Discuss any differences in your calculations and in your answers. O Different ways of looking at an economy should give afferent answers and…
Question: How can there be "Autonomous Spending" even when a person has zero income? O a) All of the above are correct. b) People need to consume at least a minimum to stay alive. UO People need a certain level of consumption even if they do not have income. O d) People spend money from their savings, borrowing or from unemployment or pension pay.
Suppose two successive levels of disposable personal income are $13.8 and $18.8 billion, respectively, and the change in consumption spending between these two levels of disposable personal income is $3.65 billion, then the MPS will be equal to O 0.25 O 0.27 O 0.35 O 0.65 O 0.73
This multiple choice question from MACROECONOMICS course. just write for me the final answer.
Refer to the information provided in Figure below to answer the question(s) that follow. C3 C2 45° Y2 Aggregate income Figure Refer to Figure above. If income is Y1, aggregate consumption is the greatest when the aggregate consumption function is O C. O C3. O cannot be determined from the figure. Aggregate saving

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What is the value of autonomous expenditure in the following macroeconomic model? C= 1,000 + 0.75Y Consumption function 1= 500 Investment function G= 600 Government spending function NX=-300 Net export function Y=C+I+ G + NX Equilibrium condition 800 O 1,800 O 2,400 O 7,200 O