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- (a) What is the current equilibrium level of national income? = (b) What is the level of injections 5+ 8 + 7= 206 (c) What is the level of withdrawals o 60+5+8+710-70 yoour TR:7bS-? (d) Assuming that tax revenues are 7 billion, how much is the level of savings? 13-50 040 (e) If national income now rises to 80 billion, and as a result, the consumption of domestically produced goods rises to 58 billion, what is the mpca (f) What is the value of multiplier? (g) Given the initial level of national income of 80 billion, now assume that spending on exports rises by 4 billion, spending on investment rises by 1 billion, and government expenditure falls by 2 billion. By how much the national income will change? 83 Q2, You find the following economic data for a closed economy Utopia: Marginal propensity to consume = 0.6, Investment = 30, Governement spending = 20 Government revenues =20 (Tax collection) People will consume a minimum of 10, no matter what their income is. 4=80 2. I=6 1. What is…Intended Spending (billions) $2,300 $2,100 $1,900 $1,700 $1,500 The marginal propensity to consume is 01 O 19/21. O 2/3. O 5/7. 45% $1,500 $1,800 $2,100 $2,400 $2,700 Gross Domestic Product (billions) impossible to tell from the graph. Consumption plus investment Consumptionu.edu.tr/mod/quiz/attempt.php?attempt=3214468&cmid%3D203021 Refer to the information provided in Figure 23.3 below to answer the question(s) that follow. amadı inden 270 miş 200 işaretle 130 60 450 100 200 300 Aggregate income (Y) Figure 23.3 Refer to Figure 23.3. The equation for the aggregate saving is Lütfen birini secin. O A S= -130 +0,4Y O B. S= 140 +05Y OC S= -80 +0.4Y ODS= -60 +03Y CES 200 +06Y Aggregate consumption (C)
- simple maoro model where the marginal propensity to consume out of disposable income is 0.8, the net tax rate is 0.25, and the marginal propensity lo import is 0.12, he simple multipler wil be OA 0.480 OB. 123 OC. 2003 OD. 1471 OE 2110Given the data in the table below, calculate the marginal propensity to save. Consumption Personal Income Personal Taxes $750 $350 $225 $540 $1,500 $450 Select one: а. О.81 O b. I'll take 2 Points О с. 0.19 O d. 0.36 O e. 0.75 O f. Not enough data to solve g. 0.25 O h. 0.64If the multiplier is 4, what is the MPC? O 0.25 O 0.5 O 0.75 1
- If the MPS is 0.22, the MPC is Lütfen birini seçin: O A. 0.22 O B. -0.22. O C. 0.66. OD 122. OE 0.78.A AI PO© .. 3.71K/s O il.l 93% 5:13 AM HPS2125.220.ASIGNMENT-Unsaved 1 a) The following data relate to the economy of XYZ Shilling "million" Investment 4,000 Government Spending 10,000 Autonomous consumption 8,000 Net exports 3,600 The marginal propensity to save of the economy of country XYZ is 0.4 Required: i) Write the consumption function of the economy. i) Compute the equilibrium level of income in the economy. QUESTION TWO a) Suppose the aggregate demand and supply schedules for a hypothetical economy are as shown below: Amount of real Amount of real domestic Price level domestic output supplied, billions output demanded, billions $ 200 (price index) 300 $800 400 250 800 600 200 600 S00 150 400 1,000 100 200 @ Use these sets of data to graph the aggregate demand and supply curves on the below graph. (i) What will be the equilibrium price and output level in this hypothetical economy? Is it also the full-enmployment level of outpur? Explain. (i) Why won't the 150 index be the…3. Complete the accompanying table. (a) What is the break-even level of income? How is it possible for households to dissave at very low income levels? Level of output and income (GDP = DI) Consumption Saving MPS АРС APS MPC S182 -$5 207 232 257 10 282 15 307 20 332 25 357 30 382 35
- Please no written by hand solutions Data on before-tax income, taxes paid and consumption spending (on domestic goods and services) for the Simpson family in various years are given below. BEFORE-TAX INCOME ($) TAX PAID ($) CONSUMPTION SPENDING ($) 3000 3500 3700 4000 25 000 27 000 28 000 30 000 20 000 21 350 22 070 23 600 a. Graph the Simpsons's consumption function and find their household's marginal propensity to consume. b. How much would you expect the Simpsons to consume if their income was $32 000 and they paid taxes of $5000? c. Homer Simpson wins a lottery prize. As a result, the Simpson family increases its consumption by $1000 at each level of after-tax income. ('Income' does not include the prize money.) How does this change affect the graph of their consumption function? How does it affect their marginal propensity to consume?est 140 T 120 AF C 100 80 60 40 20 20 60 80 100 120 -20 Xn -40 income: Q 25. Given this diagram; what is the mps (marginal propensity to save)? O a) 3/4 b) 1/4 c) 10 d) 100 e) 25 expenditures, income 40Year 1 2 3 4 5 Government tax revenues (billions of dollars) 240 250 260 300 325 The government begins year 1 with $25 billion of debt. Based on the information in the above table, what is the amount of debt following year 5? 1) $20 billion (net saving rather than debt.) 2) $35 billion Government expenditures (billions of dollars) 240 245 255 320 340 3) $50 billion O4) $325 billion