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- According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?assume elsa has current income of $50000 and expects income of $60000 next period. interest rate is 6% elsa desires to have the same amount of consumption expenditure during both periods. in the two period certainty framework, determine how much elsa's expenditures are during each period is elsa a saver or spender(1) gross domestic product 2,582,198 gross national income 2,622,315 national disponsable income 2,199,701 final consuption 1,694,623 give the information in the above data , what is the national saving? (a) 927,692 million SR (b) 887,575 million SR (c) 505,078 million SR (d) no correct answerr is provide
- In this problem annual income for ages 20 to 80 is given graphically. People sometimes spend less than their income (to save for retirement) or more than their income (taking out a loan). The process of spreading out spending over a lifetime is called consumption smoothing. annual income ($10nns nar vaar) years) (a) Find the average annual income for these years. The average annual income is dollars/year. eTextbook and Media (b) Assuming that people spend at a constant rate equal to their average income, when are they spending less than they earn, and when are they spending more? Enter your answers in increasing order. They spend less than their income every year from age to They spend more than their income every year from age to and from age toif Government Spending (G) is $200 million, Tax Revenue (T) is $260 millio Consumption is $300 million, and GDP P(Y) is 780 millionPrivate saving isa) how much is the autonomous consumption in the economy and investment should be increased to achieve an income of RM400 million? b)calculate the MPS and derive the consumption c)how much investment should be increased ti achieve an income of rm400 million
- Planned spending is as follows: C = 600 + 0.7(Y – T) – 200r, IP = 200 – 500r, G = 200, NX = 10 and T = 150. Which of the following also states PAE? A. [905 – 700r] + 0.3Y B. [905 – 700r] C. [910 – 700r] D. [905 – 700r] + 0.7Y1. a. Explain consumption and saving function by using numerical example and diagram.Calculate personal Savings if :- Personal Consumption Expenditure = $9800 Personal disposable income = $12,000