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- Find the value of change in investment if the value of multiplier is 5 and the change in national income is $1000 millionIn an economy investment increases by 120 million. The value of multiplier is 4. Calculate MPC.Calculate the value of multiplier if change in income is $1100 million and the change in investment is $350 million
- (MPC and MPS) If consumption increases by $12 billion when real disposable income increases by $15 billion, what is the value of the MPC? What is the relationship between the MPC and the MPS? If the MPC increases, what must happen to the MPS? How is the MPC related to the consumption function? How is the MPS related to the saving function?In order for the economy (GDP) to be grow and take advantage of the multiplier effect, which one of these should be done? a. Increase agricultural production b. Increase taxes c. Increase the number of banks nationwide d. increase the manufacturing sector e. Increase government spending f. all of the choicesPlease calculate level of GDP in equilibrium, consumption and savings level if you know that: I (investment) = 300 Ca (Autonomous Consumption) = 100 MPS (Marginal Propensity to Save) = 0,1 G (Government Expenditures) = 300 T (net taxe rate) = 0,2
- based on macroeconomic theory, one of the following four answers is a correct description of the concept, “expenditure multiplier”. Which one? A/ It is the idea that decreasing national income affects the equilibrium level of GDP by the same amount of that decrease in income. B/ It is the concept that increasing national income affects the equilibrium level of GDP on par with the amount of increased income. C/ The expenditure multiplier is the idea that a given change in spending leads to an equal change in the equilibrium level of GDP. D/ It is the concept that an increase in spending causes a more than proportionate change in GDP.The table below provides Income and consumption Data in billions of dollars. Answer question below based on it.Disposable Consumption SavingsIncome100 80 --------200 150 --------- If the government increases spending by $5,000, then based on data in question 21, GDP in this economy will increase byIn an economy the change in income is $6600 and change in investment is $3600 Calculate multiplier
- What does the multiplier mean? Under what conditions can it work in an economy? What types of multipliers can we talk about in the economy? How do these work individually?The multiplier in the economy is 8.5 and the change in income is $3200 million What would be the change in investmentIn the third quarter of 2008, investment in the U.S. totaled $4,2 trillion and in 2007, investment was $1,4 trillion. In addition, third quarter of 2007 real GDP was $48 trillion. Suppose the MPC in the U.S. is 0.80. Ignoring all other changes in spending, what is the new real GDP?
