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Question:
Table below shows the recent trends in terms of consumption.
(a) (i) Explain what is meant by the term ‘marginal propensity to consume' (MPC) and the ‘average propensity to consume (APC)
(ii) Summarise the changes in country's A MPC from 2003 and 2010.
(iii) Explain how the MPC could exceed 100% in 2004 and 2005.
(b) (i) Define and calculate the average propensity to save (APS) from 2003 to 2010.
(ii) Explain how the APC and APS are related over period 2003 and 2005.
(iii) Define the multiplier effects.
(iv) What further information in additional to that available from the table is required to calculate the multiplier effects on Country's A national income.
Consider the following homogenous difference equation: xt=b0+b1xt-1 a) Iterate backwards xt can be written in terms of xt-2. b) Now show xt can be written in terms of xt-3 a
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explain money market equilibrium?
Cowboy Corporation is estimating its WACC. The firm's debt structure contains: (1) 30,100 long-term bonds with an 8.1% coupon, paid semiannually, a 10 years-to-maturity, and a $10
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What do is and LM curve signify?
which turning point marks the end of an economic prosperity and the start pf contraction
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