Reference no: EM131857680

Assignment

Government spending 500                           Total profit 550
Private consumption expenditure 1000          Wages and salaries 900
Total investment 650                                   Benefits 250
Exports 150                                               Rent 400
Imports 50                                                 Production subsidies 50
Indirect taxes 150                                       Depreciation of capital 50

1- Using the above data, Calculate the gross national product through income in billion dollar :

2- According to the previous data, calculate the gross national product by outcome in billion dollar:

3- If the function of consumption x= 100 + 0.8L, and the investment(i) = 100 billion, answer the following:

A- By using the function, the consumption when L = 1000 billion dollar:

B- Calculate the Average (inclination) mileage of consumption when income L = $ 1000 billion.

C- What is the balanced income of this simplified economy? By using function of consumption.