Reference no: EM1369355
1. From the following data, find the marginal propensity to consume, compute the expenditure at each level of GDP, and find the equilibrium GDP:
GDP C I G X IM
5,000 3,650 1,000 1,200 700 1,100
5,500 4,000 1,000 1,200 700 1,100
6,000 4,350 1,000 1,200 700 1,100
6,500 4,700 1,000 1,200 700 1,100
7,000 5,050 1,000 1,200 700 1,100
7,500 5,400 1,000 1,200 700 1,100
2. In an economy with no government sector, investment is 1,000, net exports are 100 and the consumption function is:
Income Consumption
3,000 2,100
3,500 2,500
4,000 2,900
4,500 3,300
5,000 3,700
5,500 4,100
a) Calculate the expenditure schedule, and find the equilibrium level of GDP.
b) What are savings at this equilibrium GDP?
c) What is the marginal propensity to consume?
d) What is the multiplier?
e) People lower their savings and raise their consumption by 200 at each level of GDP. Use the multiplier to find the new equilibrium GDP.
f) Confirm your answer to e) by calculating the new expenditure schedule.
g) What is the level of savings at the new equilibrium GDP?
h) Compare and explain your answers to b) and g).
|
What are the two lowest frequencies
: Two loudspeakers on a concert stage are vibrating in phase. A listener is 57m from the left speaker and 30m from the right one. The listener can respond to all frequencies from 20 to 20 000 Hz.
|
|
Explain nefarious computer activities
: Write a short description of what they are and include your assessment of whether this activity is something to worry about or not.
|
|
Valuable in a high performance work environment
: Can you please provide examples as to how Cognitive, Attitude and Intellectual strategies would be the most valuable in a high performance work environment as in a high tech company?
|
|
What is wires linear charge density
: A major league pitcher can throw a baseball in excess of 42.9 m/s. If a ball is thrown horizontally at this speed, how much will it drop by time it reaches the catcher who is 18 m away from the point of release.
|
|
Find equilibrium gdp
: From the following information, find the marginal propensity to consume, compute the expenditure at each level of GDP, and find equilibrium GDP:
|
|
Make confirmation page using xhtml portion of script
: Use XHTML portion of the script to make confirmation page to be viewed by visitor. Confirmation page must display the text of email message.
|
|
Calculate market price for industry in long run equilibrium
: A company in a purely competitive industry is currently manufacturing 1200 units per day at a total cost of $600. If the company purchased 1000 units per day,
|
|
Write vl program to convert leagues-number of nautical miles
: Write a VL program which will convert 20,000 leagues to number of nautical miles. Your program requires no input elements, just elements to compute result and output how many nautical miles is equivalent to 20,000 leagues.
|
|
Construct the payoff table
: Two oligopoly company are in the process of estimating their marketing strategies. Firm 1 can generate estimated profits of $10 million from strategy A
|