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Consider the table below when answering the following questions. For this hypothetical economy, the marginal propensity to save is constant at all levels of real GDP, and investment spending is auto nomous. There is no government.
Real GDPConsumption Saving Investment
$2000 2200____ 400
4000 4000______ _____
6000 ______ ______ _____
8000 ______ _______ ______
10,000 _______ _______ ______
12,000 _______ ______________
a. Complete the table. What is the marginal propensity to save? What is the marginal propensity to consume?
PLEASE SHOW WORK
Will revenues increase or decrease in the short and long runs?
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Now assume that intermediaries come from a competitive market with an equilibrium price of $8 per unit for their services, that is, any buyer or sellerwho wants an intermediaries services must pay $8 for them.
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Year Units of Output Price Per Unit 1 3 3 2 4 4 3 6 5 4 7 7 5 8 8 1. Refer to the above data. If year 3 is chosen as the base year, what is the price index for year 2. Refer to the above data. What is the nominal GDP for year 4
Choice (C) is mistaken because the lack of a reply does not necessarily mean the account is misstated.
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Suppose GDP equals $10 trillion,consumption equals $6.5 trillion,the government spends $2 trillion and has a budget deficit of $300 billion. Find public saving, taxes, private saving,national saving, and investment.
Dr. Izobel Stevens is physician at the Westbury HMO, a New York City based medical facility serving the poor and indigent. Stevens is estimating the cost effectiveness of a preventive maintenance event,
assume that gross private domestic investment is 800 billion and the government state local and federal combined is
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