I need help right away Σ* 00エReal GDPConsumptionPlanned investmentPlanned aggregateUnplanned inventory(in billions)(in billions)spending (in billions)spending (in billions)investment (in billions)$300$400$1,300$70000 00009 I$$1,300000006$Answer Bank$1,500$2,200$100-%244000062$What is the equilibrium level of GDP?equilibrium GDP:billion dollarsWhat is the equilibrium level of planned aggregate spending?equilibrium planned aggregate spending:billion dollarsprt schomeendinserF5F7F8O日日V%2$4.9H.B.Nalt1413

Real GDP Consumption Planned investment Planned aggregate Unplanned inventory (in billions) (in billions) spending (in billions) spending (in billions) investment (in billions) $0 $300 $400 $1,000 $500 $500 $700 $1,300 $200 $2,000 $700 $1,600 $3,000 $1,300 $900 Answer Bank $400 $0 $800 $1,000 $1,500 $2,200 $600 $100 $900 -$400

Real GDP Consumption Planned investment Planned aggregate Unplanned inventory (in billions) (in billions) spending (in billions) spending (in billions) investment (in billions) $0 $300 $400 $1,000 $500 $500 $700 $1,300 $200 $2,000 $700 $1,600 $3,000 $1,300 $900 Answer Bank $400 $0 $800 $1,000 $1,500 $2,200 $600 $100 $900 -$400

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section9.A: The Simple Algebra Of Income Determination And The Multiplier

Problem 4TY

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National income accounting (GDP calculate) is an essential part of macroeconomics. Analyse the following hypothetical economy and answer the questions that follow: G = 400, I = 70, X = 300, M =100, autonomous consumption = 100, MPC = 0.6, taxes=50 Calculate the level of national income in this economy What percentage of disposable income do people save? Calculate the level of savings Show that in this economy, injections are indeed equal to withdrawals Calculate the multiplier? Using the multiplier in v above, what would be the new level of national income if government spending rose to 500?
Table 1 Real GDP Consumption Planned Investment Government Purchases Net Exports $2,000 $1,600 $250 $250 $100 2,500 2,000 250 250 100 3,000 2,400 250 250 100 3,500 2,800 250 250 100 Table 2 Real GDP Aggregate Expenditure Unplanned Change in Inventories Real GDP Will... (increase, decrease, or be in equilibrium) $2,400 2,500 3,000 3,500 Examine the Table 1 information provided and perform the following activities for Table 2: For each level of Real GDP, calculate aggregate expenditure, unplanned change in inventories, and indicate what will happen to GDP (increase, decrease or be in equilibrium). Explain how you derived the Aggregate Expenditure and Unplanned Change in Inventories Explain how the values in the Unplanned Change in Inventories column dictate what will happen to the Real GDP.…
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