11.(a)Find an expression for the IS curve of the domestic economy. There is no need toshow mathematical derivations.a.Y =(08)DD - (0.5) ib. Y =(12-0)DD - (1250) i0L*c. YY = (0.146 )DD - (0.840) i5-)i + (² 5-) Y²B0.8+00.8+000.5d. Y = ( 1¹0 )DD − ( 145 )i + (14)Y*-01+01+0e. None of the above

IS curve shows the goods market equilibrium. It is derived by the equilibrium of aggregate demand…

Answered: 11.(a) Find an expression for the IS…

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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The table below lists the annual volume of exports and imports (in billion pesos) for six consecutive years. Exports (x) 8.3 14.5 17.5 20 22.1 24 Imports M 10 12.2 15 24.8 30.1 32 Estimate the annual imports (in billion pesos) when the annual exports is 15 (in billion pesos).
2. Net exports are best defined as a. The difference between total exports and total imports b. Net Imports – Net Exports c. Economic output from a given year that is not consumed d. Y = C + I + G - NX e. None of the above
16- Which one of these will be deducted from gross output to determine the net output? a. Intermediate consumption b. Private income c. Factor income from abroad d. Total government spending
7- The__________refers to the sum of all current incomes received by the individuals or households from all sources within the domestic territory of a country during an accounting year. a. National income b. Private income c. Personal income d. Passive income
8 Which of the following is true about Net Domestic Product? a. GDP deducted with depreciation b. GDP added with net factor income c. GNP added with net factor income d. GNP deducted with depreciation
An economy is initially described by the following equations: C= 60+0.8(Y-T) I=120-5r M/P=Y-25r G=200 T=200 M=3000 P=3
13 Which national income estimation method needs information such as indirect taxes, depreciation and intermediate consumption? a. Net output b. Income c. Expenditure d. Factor
Real GDP (Y) Consumption (C) Planned Investment (I) Government Purchases (G) Net Exports (NX) $8,000 $6,900 $1,000 $1,000 -$500 9,000 7,700 1,000 1,000 -500 10,000 8,500 1,000 1,000 -500 11,000 9,300 1,000 1,000 -500 12,000 10,100 1,000 1,000 -500 Note: Values are in billions of US dollars What is the equilibrium level of Real GDP and the Marginal Propensity to Consume? Suppose the government purchases increase by $200 billion. Use the multiplier formula to determine the new equilibrium level of GDP.
Suppose that real domestic output in an economy is 100 units, the quanity of inputs is 10, and the price of each input is $5. The per unit cost of production in the economy described is?
Using the following information, calculate the Net Domestic Product at Factor Cost: Government Final Consumption Expenditure 100 Net Indirect Tax 80 Private Final Consumption Expenditure                                             300 Consumption of Fixed Capital                                                              20 Gross Domestic Fixed Capital Formation 50 Net import 10 Closing stock 25 Opening Stock 25 a. 410 b. 340 c. 380 d. 420
Assume:         PQ = $2.00                  PL = $2.00                               PK = $4.00 K         MPK    MP/PK            MRP/PK          L          MPL      MP/PL                   MRP/PL 1          28        7 14 1          15        5 10 2          24        6 12 2          12        4 8 3          20        5 10                    3          9          3 6 4          12        4 8 4          6          2 4 5          8          2 4 5          3          1 2 6          4          1 2 6          1          0.5 1 7          2          0.5 1 7          0.5       0.25 0.5 8          1          0.25 0.5 8          0.25     0.13…
Assume:         PQ = $2.00                  PL = $2.00                               PK = $4.00 K         MPK    MP/PK            MRP/PK          L          MPL      MP/PL                   MRP/PL 1          28        7 14 1          15        5 10 2          24        6 12 2          12        4 8 3          20        5 10 3          9          3 6 4          12        4 8 4          6          2 4 5          8          2 4 5          3          1 2 6          4          1 2 6          1          0.5 1 7          2          0.5 1 7          0.5       0.25 0.5 8          1          0.25 0.5 8          0.25     0.13…

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11.(a) Find an expression for the IS curve of the domestic economy. There is no need to show mathematical derivations. a. Y = 1 0.8 0 127)DD - (058) i b. Y = (12-0)DD - (1250)i 1 c. Y = 3+0 )DD - (0.950)i + (0840) Y 0.8+0 d. Y = (11)DD - (050) i + 1+0 1+0 1+0 e. None of the above