Suppose that real domestic output in an economy is 20 units, the quanity of inputs is 2, and the price of each input is $4. The level of productivity is?
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Suppose that real domestic output in an economy is 20 units, the quanity of inputs is 2, and the price of each input is $4. The level of productivity is?
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- 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?If the increase in government spending is $500 and the marginal propensity to consume is .75 then the change in real gross domestic domestic product will be ___Find equilibrium level of national income from the following:- Autonomous consumption = $200 MPC = 0.8 Investment = $100 All the values are in million dollars
- Assume that a three-sector economy in Country W. The amount of autonomous consumption is RM300 million with the proportion of an increase in income that is spent on consumption is 0.5. An induced tax of 20% is imposed by the country. The amount of investment is RM250 million, and the amount of government spending is RM150 million. (i) Calculate the national income equilibrium.Show how a GH¢2,000 increase in government spending financed by a GH¢2,000 increase in taxes will affect the level of national income.What happens to domestic investment as the real interest rate rises? Explain your answer.
- Assume that a three-sector economy in Country W. The amount of autonomous consumption is RM300 million with the proportion of an increase in income that is spent on consumption is 0.5. An induced tax of 20% is imposed by the country. The amount of investment is RM250 million, and the amount of government spending is RM150 million. Explain what would happen to the national income equilibrium if the investment changes by RM100 million.A country has an initial real output of $162 Billion. What would the final output be expected to be if:a. The government spends $15 billion on infrastructure and the MPC of the country is 0.35b. The government reduces taxes by $3.5 billion and the MPW of the country is 0.75c. The government makes no changes to taxes or spending.d. The government decreases spending nationwide by $9 billion in a country where people are likely to withdraw 60 cents on every new dollar of income.A. Net export spending will have a negative value when the country exports more goods than it imports from other countries. Group of answer choices True False B. Which of the following components of GDP includes your tuition payments? Group of answer choices consumption of nondurable goods investment consumption of durable goods consumption of services C. In the economy, income earned when producing new final goods and services must equal expenditure on the new final goods and services. Group of answer choices True False
- Which of the following events will lead to a rise in the level of national income in an economy? A) Firms are encouraged by lower interest rates to build new factories. B) Other countries begin to recover from recession. C) Both taxation and government expenditure are reduced by the same amount. D) A and BIf the economy's full employment rate of output is $6.0 trillion, what will happen to the unemployment rate assuming that it will persist into the future? What would happen to the equilibrium level of output/income if there will be an autonomous increase in investment of $250 billion?In an economy national income increases by $900 billion as a result of increase in the invesment by $180 billion what would be the MPC
