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- No written by hand solution Suppose we only produce donuts in our economy, and we produce 500 donuts in a year. Each donut sells for $3, and we have $100 in the economy. What is the value of total production (or total spending) in this economy? Group of answer choices $100 $300 $500 $1500Output/Income Consumption Savings MPC MPS APC APS 0 80 0-80 = -80 - - - - 100 140 100-140 = -40 0.6 0.4 1.4 -0.4 200 200 200-200=0 0.6 0.4 1 0 300 260 300-260=40 0.6 0.4 0.8666666667 0.1333333333 400 320 400-320=80 0.6 0.4 0.8 0.2 a. Assume Y= 400 Calculate the level of Consumption Hint: plug in 400 for Y into the Consumption and Savings equations, Also, calculate the following APC (C/Y); APS (S/Y) b. Calculate the Multiplier 1/(1-MPC) c. Assume Y= C + I + G + X I=20; G=30 X=0 Use the equation derived in (d) above; use this to Plug in the value of C into the equation. I=Busines Investments G= Government Spending X=Net exportsPlease tell me what are the correct awnser for the following questions 11)12) they are multiple choice and unrelated questions to each other please tell me only which ones are correct Thank you Please see the attached picture has the graph which needs to be analysed to awnser question 12. 11 The UK GDP per capita measures: Select one or more: a. the total output of London’s economy. b. the average disposable income of a UK national. c. the total output of the UK nationals, divided by the number of the nationals. d. the total output of the UK’s economy, divided by the country’s population. 12 Look at this graph of real wage index in England between 1260 and 1800. Consider also that, in the bubonic plague of 1348 and 1351, between one quarter and one third of Europe’s population died. (SEE ATTACHED PICTURE) Select one or more: a. According to the Malthusian model, the fall in the population due to the bubonic plague would have led to an increase in the average…
- The following data relate to an emerging African country.Item Value('000) KSHSGNP 8,000,000 Depreciation 100,000Indirect Business Taxes 80,000Gross Investment 400,000Total population 30,000Consumption 10,000Personal Income Taxes 800Excise duty 80Personal Income 89,000Net factor incomes from abroad 200,000 Using the above data, calculate: Net National Product and GNP per capita Net investment and Disposable personal income Gross domestic productRefer to the information provided in Table 8.9 below to answer the questions that follow. Table 8.9 All Figures in Billions of Dollars Aggregate Output Aggregate Consumption Planned Investment 160 20 200 240 20 300 20 400 400 20 500 20 100 320 480 Refer to Table 8.9. Planned saving equals planned investment at an aggregate output level of Select one: a. $500 billion. b. $400 billion. c. $200 billion. d. $300 billionDeterminant Change Needed to Increase SRASSRAS Technology (Decline, Improvement) Input Prices (Decrease, Increase) Tax Rates on Firms and Corporations (Decrease, Increase)
- Assume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 70Economics Gross Domestic Product Consumption 100 100 200 160 300 220 400 280 500 340 600 440 Expected Rate of Return Amount of Investment 15% $0 12 40 9 80 6 120 3 160 0 200 Please answer the next 4 questions based on the data in the table above. Also, r = 12%, G = 120, and net exports = 0. 11. The multiplier is equal to ________. 12. Equilibrium GDP = ______. 13. If r increases to 15%, ceteris paribus then equilibrium GDP is now equal to _______. 14. The MPC is equal to _______.Question 2You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information:Compensation of Employees900Corporate profits 400Factor income paid to the world 325Factor Income received from the world170Indirect taxes 775Subsidies 125Depreciation 120Consumption of goods 850Net interest 75Rent Income 125Consumption of services 475Residential investments 350Non-residential investments525Government Expenditure 925Imports 700Exports 300Proprietor’s income 300Calculate UWI Land’s GDP using the Income and Expenditure Approach
- You are an economic advisor to the government. Discuss your opinion . a) How COVID-19 pandemic will affect the consumption behavior as well as the investment done by the firms and household for the next two years? b) What are the actions or policies that the government can implement to face this situation? please answers with analysis and --graph (if possible)The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output. Potential GDP $14 000 Government purchases $2100 Investment $300 Consumption $10 000 Net tax revenues $2000 Refering to the table above, what is th eprivate saving for this economy?Suppose the macroeconomic parameters are as follows in Turkey. Production: Y = A K1/3 L2/3 (A= 7 ) Factor supplies: K, L (K = 3000, and L= 1300) Government: 2200, Taxes: 2000 Consumer behavior C = 1000 + 0.6 (Y-T Investment behavior | = 3000 - 1000г Compute real interest rate in Turkey (Show the percentage value as numerical such as 15 for %15 or 0.15).
