When planned investment exceeds saving in a private closed economy, Multiple Choice: ● ● aggregate expenditures will exceed GDP. aggregate expenditures will be less than GDP. • aggregate expenditures will equal GDP. • consumption plus investment will equal ● GDP.
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- calculate the increase in output (GDP) generated by $100 increase in autonomous spending for economies with different linear consumption functions. 200+0.9*(Y-T)When the economy is operating at the equilibrium level of? GDP, we know that A. total planned real consumption expenditures equal real GDP. B. total planned real expenditures equal real GDP. C. planned real investment spending equals real net exports of zero. D. real net exports equal inventory changes.Given the following equations for a certain economy: C =100 +0.6Y (Consumption function) I = 200 (Investment function) nX = 100 (Net export) Y= 2000 Required Determine the SPS Explain the type of economy
- Assume a simple closed economy without exports and imports. autonomous consumption expenditure is 50 billion. The marginal propensity to consume is 0.6 desired investement is 10 billion and govt pirchase is 20 billion. Write a mathematical equation expressing Savings as a function os disposable income ?If autonomous planned investment increases by $100, and the MPC = 0.8, in the first round of spending GDP will increase by ___ and lead to an increase in consumer spending of ___. The second round of increase in GDP will be ___. A. $80; $80; $64 B. $100; $100; $80 C. $100; $80; $80 D. $80; $64; $64Find the consumption expenditure from the given information:- Autonomous consumption- 100 Marginal propensity to consume - 0.70 National income - 1000
- Assume that autonomous consumption is $1,625 billionand disposable income is $11,500 billion. Calculateconsumption expenditure if an increase of $1,000 indisposable income leads to an increase of $750 inconsumption expenditure.A country’s GDP is defined by the following equation: GDP = Consumer Spending + Investmentspending. The economy of this country is closed and there’s no government. Investment spendingis defined by the following equation: Investment Spending = Investment (planned) + Investment(unplanned). Investment (planned) is fixed at 350. Consumer spending is defined by thefollowing equation: Consumer spending = 200 + 0.55 (GDP). And for this country, PlannedExpenditure = Consumer Spending + Investment Planned. Based on this information, attempt thefollowing questions:a. “Investment (unplanned) will be negative if GDP is 900” – showing work, test theauthenticity of this statement. b. How do you think GDP (and production) will change if the income of this country is 1500?Explain by deriving Investment (unplanned) for an income of 1500. c. Derive the GDP for which Planned Expenditure = GDP. d. Supposed Investment (planned) was increased to 450. How will income-expenditureequilibrium change. e. Relate…As a result of increase in investment by $125, national income increases by $500. Calculate marginal propensity to consume.
- The average propensity to consume refers to the Group of answer choices percentage of income spent for current consumption expenditures for the minimum necessities of life percentage of income saved dollars of income spent for current consumption fact that people with higher incomes spend more for the necessities of lifeConsumption Function Suppose that a country's consumption function is given by C=(9\sqrt(I)+0.8\sqrt(I^(3))-0.3I)/(\sqrt(I)) where C and I are expressed in billions of dollars. (a) Find the marginal propensity to save when income is $25 billion. (b) Determine the relative rate of change C with respecy to I when income is $25 bilion.Given the following consumption function, C = 400 + 0.75YD,where C= consumption expenditure, YD = disposable income, Investment= $1200, Government spending = $1600,Exports = $500, Imports = $600, Taxes = $1200 and Potential GDP = $9000Choose corrcct optiona) Aactual output is less than potential outputb) actual output is zeroc) actual output is equal to potential outputd) actual output is higher than potential output