Q: E=C+I+G Expenditure m equilibrium, Income 'Y' is equal to 'AE. fY=$1265, C- $660, and 1= $325, solve…
A: A closed economy is one that has no exchanging movement with outside economies. The closed economy…
Q: c) Calculate the PPI values for 2019 given the following data using the Laspeyres, Paasche and…
A: The price index is the measure of relative price changes. It consists of a series of numbers…
Q: Find the value of the multiplier when the value of MPC = 0.66
A:
Q: Explain the relationship between MPL and MC
A: Marginal Product of Labor (MPL): - it is the change in total production due to the employment of an…
Q: The value of MPS is 0.87 Find the value of MPC
A: Given, MPS= 0.87
Q: Change in consumer incomes Change in prices of соmpeting products Change in prices for raw materials…
A: The demand and supply curves both are the functions of price and quantity. There are many factors…
Q: If an individual saves $10,000 when his disposable income is $80,000. How much money does he…
A: Disposable income: Disposable income is the total income that is available to an individual for…
Q: Aggregate expendiftures ($ millions) 3) AE AE AE 1,000 600 270 45° A 1,000 1,500 Aggregate output ($…
A: To calculate the equation of AE1: a. The intercept of the AE1 line is $600 million. When Y = $0…
Q: Calculate autonomous spending with the given info C = 400 + 0.6Y
A: Consumption function consists of three variable: 1-Autonomous consumption(C0): Consumption when…
Q: Calculate the MPC when MPS is given to be as 0.9
A: Marginal propensity to consume (MPC) refers to the proportion of increase in income that a consumer…
Q: Find the value of MPC when multiplier is stated as 0.97
A: MPC or the marginal propensity to consume is the percentage of consumer's income that the consumer…
Q: What is the Impact of Covid-19 on the Economy?
A: The COVID 19 has destroyed the world economy in shambles. The pandemic has hit millions of people at…
Q: Calculate the Multiplier when the MPC is 0.97
A: Generally in the given question MPC is stated as = 0.97 Value of the multiplier needed to be…
Q: The slope of IC2 from A to B is: Good X 10 IC 8 ICz 10 12 Good Y 00
A: Indifference curve shows different combinations of two goods that give same level of utility.
Q: What effect has the hand sanitiser market during COVID had on Australia's GDP?
A: During the COVID pandemic demand for sanitizers increased explicitly which as a result caused the…
Q: Calculate change in consumption when change in income is $300 and the MPC is 0.42
A: The information being given is as:- Change in income = $300 MPC = 0.42 Change in consumption = ?
Q: Durable goods and non-durable goods comprise approximately ________ of the supply side of the GDP.…
A: GDP is the sum of consumption, investment, government spending and net exports in an open economy.
Q: In an economy the change in income is $2300 and change in investment is $700 What will be the…
A: We know that investment multiplier can be calculated as Investment multiplier = change in income /…
Q: DLSU is a large private university, that is known for its strong athletics program, especially in…
A: Complementary goods: refers to those goods which can be used together to satisfise the consumer's…
Q: Find the value of change in investment if the value of multiplier is 5 and the change in national…
A: The information being given is as follows:- MULTIPLIER = 5 Change in national income = $1000 million…
Q: Calculate the value of MPC if the multiplier is given to be as 1.4
A: The value of multiplier is given as:- MULTIPLIER = 1 / Marginal propensity to save Also we know…
Q: # Calculate MPC when it is given that the value of MPS Is 0.66
A: # We know that when we do the summation of MPS and MPC we always get 1 That is:- MPS + MPC = 1
Q: The following is a hypothetical estimate of a demand curve for butter over the period 2001-10. Qu =…
A: Qd = 145 - 1.5P - 0.001Y + 2Pm Note:- As per the guidelines we can solve only the first 3 parts of…
Q: Consider an economy that is characterized by the following equations C= 400 + 0 5 Vd I = 700 - 40001…
A: C= 400 + 0.5 Yd I = 700 - 4000i + 0.1Y G= 200 T= 200 (MP)d = 0.75Y - 7500i (M/P)' = 600
Q: Find the value of change in income if change in investment is $200 and Multiplier is 6
A: The information being given is:- Change in investment = $200 Multiplier = 6 Change in income = ?
Q: Calculate the value of MPS when the value of MPC is given to be as 0.25
A: We know that the sum of marginal propensity to consume and the marginal propensity to save is always…
Q: Calculate the value of MPC. The value of MPS is given to be as 0.95
A: # Sum of MPC and MPS together taken gives 1 MPC+MPS = 1
Q: Calculate MPC when MPS is given to be as 0.9
A: # We know well that the sum of MPS and MPC is given as 1 MPS + MPC = 1
Q: Calculate the value of MPS when the value of MPC is 0.13
A: The formula for MPS is given as:- MPS = 1 - MPC
Q: Potential 45 GDP| C+l4(X-IM) 4,800 3,200 3,000 4,000 5,000 2. Use the graph above to answer the…
A: In an economy, marginal propensity to consume refers to the change in the consumption decision of…
Q: Calculate multiplier if MPC is 0.77
A: The formula and calculation: Multiplier =11-MPC=11-0.77=4.34782609=4.35
Q: Suppose Google plans to produce 10.2 million Pixel phones this year. The company expects to sell 7.6…
A: Production planned = 10.2 million Expected sales = 7.6 million Sales done at the end of year = 8.4…
Q: Draw a curve that shows that the number of new television shows produced and the quantity of apples…
A: The goods that are unrelated suggests that any change in the production or consumption of one good…
Q: why the consumption of non durables relatively smooth as compared to durables
A: Durable goods are basically considered as those goods which have the long life value. And can be…
Q: Find change in consumption if MPC is 0.92 and the change in income is $2200
A: MPC is the marginal propensity to consume which shows the proportion of income spent on consumption.
Q: What is the effect on MPE, if there is an increase in a) MPC b) MPS c) MPM ) MTR
A: MPE stands for marginal propensity to expend. MPS stands for marginal propensity to save MPC stands…
Q: An economy is defined by the following equations: C=500+0.8(Y-T) 1=300+0.3Y X=0.3Y* IM=0.3Y T=1000,…
A: Given, Consumption: C=500+0.8(Y-T) Investment: I=300+0.3Y Government Expenditures: G=2000 Exports:…
Q: Identify any three non‐income determinants of consumption
A: The consumption function shows the functional association between the gross national income and…
Q: The upward-sloping TVC curve explains why an increase in production increases the TC.
A: According to the production theory, a firm always works towards maximizing its profit and a firm…
Q: Q1. Calculate the value of multiplier when mpc is 0.5.
A: Below is the value of marginal propensity to consume: MPC = 0.5 The formula for the Multiplier: K =…
Q: The MPC is 0.41 If change in consumption is $650 find the change in income
A: The information being given is:- Marginal propensity to consume = 0.41 Change in consumption = $650…
Q: Consider an economy that is characterized by the following equations: C= 400 + 0.5 Yd I = 700 -…
A: Given; C= 400 + 0.5 Yd I = 700 - 4000i + 0.1Y G= 200 T= 200 (M/P)d = 0.75Y - 7500i (MP)= 600
Q: Calculate the value of MPC when MPS is given to be as 0.82
A: # The sum of bothe MPS and MPC is given to be as 1 MPS + MPC = 1
Q: If MPC is 0.12 and the change in income is $3300 Calculate change in consumption
A: The information being given is:- Marginal propensity to consume = 0.12 Change in income = $3300 We…
Q: Which of the following goods are usually intermediate goods and which are usually final goods:…
A: Intermediate goods: Those goods which are used for producing other goods, these goods remain in the…
Q: Calculate the value of multiplier in an economy where LRR is 37%
A: The information being given is:- Legal reserve ratio in the economy = 37% = 0.37 Multiplier = ?
Q: What is the formulae to find Increase in sales?
A: The financial report of a corporation contains important facts regarding earnings, expenses, and the…
Q: Given the scatter diagram in Figure 8-1, what is the MPC (your best estimate)? a. 1 b. 2/3…
A: MPC is marginal propensity to consume. It is percentage of income that is spent on consumption.
Q: THE EFFECT OF COVID 19 IN THE ECONOMY OF THE PHILIPPINES"
A: It is the broadest classification for an RNA virus. In most situations, determining whether your…
Solve for the MPK, assuming that the MPL in the production of smartphones is 50 per smartphone per hour and the
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- Explain the relationship between MPL and MCassume the MPLt-5 tennis racets and MPLb=4basebats. If the economy has 100 workers, then the economy can produce A. a max of 500 tennis rackets. b. a max of 350 baseball bats. c. 500 tennis rackets and 400 baseball bats. D. Either 100 tennis rackets only or 100 baseball bats only. The answer is A. but want to know why it is that instead of C.if the value of MPC is 0.29 Find the value of MPS
- Calculate the equilibrium income by using the consumption function formula. 1. Y =C 2. Y= C+I 3. Y = C+I+G 4. Y= C+I+G+Nx Given: C = 100; I = 150; G = 100; m= 50; x=35; change in DY = 900; change in C = 630Roberto is a senior citizen who consumes food and health care. When he retired in 2002, he consumed 90 meals and 3 medical checkups per month. Suppose in 2002 that the price of a meal was $10 and the price of a medical checkup was $64. However, in 2012, the price of a meal is $11 and the price of a medical checkup is $278. As a result, Roberto consumes 100 meals and 2 medical checkups per month. Calculate a Laspeyres cost-of-living index for Roberto using 100 as the base in 2002. In particular, the Laspeyres index for 2012 is nothing. (Enter your response rounded to two decimal places.)Similar to previous health pandemics, at the outset of the COVID-19 pandemic the demand for protective goods such as masks, gloves and sanitisers increased markedly around the globe resulting in retailers making super profits. In addition, the sales of personal protective equipment (PPE), cleaning and fumigation contractors surged up as their demand increased. According to data released by Monfils LLC, an international research firm based in the Italy, face mask sales grew by a year-on-year increase of 400% in April 2020. However, in December of 2020, the price of face masks fully retraced back to its pre-COVID-19 level.1.1 With the aid of diagrams, evaluate the change in the market structure between March 2020 and December 2020 as well as other factors that could have influenced the price increase of face masks in March 2020.1.2 Critically discuss how price elasticity of demand of face masks was affected, including its impact on revenue at the outset of the pandemic relative to later…
