Business, 17.11.2020 04:00 wwesuplexcity28
Aggregate Variables Value (in billions of dollars) in the base year
Consumption spending $900
Investment spending $400
Government spending $200
Transfer payments $60
The marginal propensity to save is equal to 0.4 and there are no exports or imports.
(a) Calculate the real GDP in this country. Show your work.
(b) Calculate the marginal propensity to consume. Show your work.
(c) Suppose that the government increases spending from $200 billion to $300 billion.
(i) Calculate the maximum change in real GDP . Show your work.
(ii) Given the change in real GDP in part (c)(i), calculate the maximum level of the new equilibrium real GDP . Show your work.
(d) Suppose that taxes decrease by $100 billion. Will the maximum change in real GDP be larger than, smaller than, or equal to the change in real GDP identified in part (c)(i) ? Explain.
Answers: 1
Business, 22.06.2019 11:40, nelly88
If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.
Answers: 2
Business, 22.06.2019 17:00, kamrulh278
During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak
Answers: 2
Business, 22.06.2019 18:00, lovecats12
Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?
Answers: 1
Aggregate Variables Value (in billions of dollars) in the base year
Consumption spending $900
Mathematics, 25.08.2020 01:01
Mathematics, 25.08.2020 01:01
English, 25.08.2020 01:01
Mathematics, 25.08.2020 01:01
Mathematics, 25.08.2020 01:01
Mathematics, 25.08.2020 01:01
History, 25.08.2020 01:01