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- Assume that the parameters of a particular economy are as follows: MPC = 0.6, MPM = 0.1. What is the value of the multiplier?Suppose the following equations represent an economy. What is the multiplier for thiseconomy?Z = C + I + G C = 400 + .5YD YD = Y - T T = 400I = 200 G = 1800a. 0.5.b. 1.c. 1.5.d. 2.e. none of these.C = 450 + 0.4YI = 350G = 150X = 70Z = 35 + 0.1YT = 0.15YYf = 1550Q.2.2 Calculate the size of the multiplier
- The multiplier process depicted in the following table is based on an MPC of 0.75. Instructions: Round your responses to two decimal places. a. Recompute the first four cycles using an MPC of 0.94. Spending Cycles $ 6A 1 2 3 4 Change in Spending during Cycle (Billions per Year) $100.00 75.00 56.25 42.18 billion 4 MPC = 0.75 i. if the MPC = 0.75? c. What is the value of the multiplier Cumulative Increase in Spending (Billions per Year) $100.00 175.00 231.25 273.44 ii. if the MPC = 0.94? b. Given that the MPC is higher, how much more consumption occurs in the first four cycles when the MPC is 0.94 compared to when the MPC is 0.75? MPC -0.94 Change in Spending during Cycle (Billions per Year) $100.00 $ $ $ Cumulative Increase in Spending (Billions per Year) $ $ 94.00 88.36 $ 83.05 $ 100.00 194.00 282.36 365.41Consider an economy described by the following equations. Y= C + I + GC= 100 + .75 (Y - T)I= 500 - 50rG= 125T= 100 Where: Y is GDP, C is consumption, I is investment, G is government spending, T is taxes and r is the rate of interest. Answer the questions based on the following equations above. a. What is the value of the multiplier? b. What is the equilibrium equation for Y? Show your solution. c. Suppose the Central Bank policy is to adjust the money supply to maintain the interest rate at 4 percent, so r=4. What is the value of output? Show your solution. d. Assuming that no change in fiscal policy, what is the effect of a reduction in interest rate from 4 percent to 3 percent on equilibrium output. Show your solution. e. In this case, explain the policy that was used by the policymaker to target the aggregate demand.- The following data characterises the macroeconomic conditions of a hypothetical еconomy: С - 50 + 0.8 Ya I = 100 G = T=75 where C, I, and Y,are consumption, investment and disposable income respectively. Calculate equilibrium income of the economy. What is the value of multiplier?
- Autonomous consumption = R100mInvestment spending = R300mGovernment spending = R200 millionExports = R150 millionAutonomous imports = R100 millionMarginal propensity to consume =2/3Tax rate = 1/10Marginal propensity to import = 1/10Yf = R2 150 millionQ.1.1 Calculate the level of autonomous spending in this economy. (2)Q.1.2 Calculate the size of the multiplier. (3)Q.1.3 Calculate the equilibrium level of income. (2)Q.1.4 Calculate the change in government spending required to reach full employmentin the economy.How is it possible for investment spending to increase even in a period in which the real interest rate rises? Is the relationship between changes in spending and changes in real GDP in the multiplier effect a direct (positive) relationship or is it an inverse (negative) relationship? How does the size of the multiplier relate to the size of the MPC? The MPS? What is the logic of the multiplier-MPC relationship?Chapters 8 & 10 Asses X FAIPQLSCOCJPF-ZgZljGhgOrg9G0at6VZHrVrtveBGSlulokla hw/formResponse Because of the multiplier, a one-time change in expenditure will generate more additional real GDP than the initial change in expenditure* O True False If the consumption function lies above the 45-degree line, then saving at these levels of disposable income will be positive * O True O False The clonn of:
- Assume you have the following model of the expenditure sector:AD = C + I + G + NX C = Co + cYD YD = Y - TA + TR TA = TAo TR = TRo I = Io G = Go NX = NXo a. If a change in income by ∆Y = - 800 leads to a change in savings by ∆S = - 160, what is the size of the expenditure multiplier? c. If a change in exports by NX = - 200 is accompanied by a change in consumption by ∆C = - 800, what is the size of the expenditure multiplier?Below is some data for a hypothetical economy: C = -232 + 0.8Y XN = 107 - 0.1Y I = 100 T = 340 G = 340 Refer to the information above to answer this question. What is the value of the expenditure multiplier? a. 1.43 b. 4 c. 3.33 d. 2.43We know the following about a closed economy: (Y-T), • Consumption: C = 20 + 0.7 • Investment: I = 4c Government expenditures: G= 30 • Taxes: T = 0.2Y When the government increases its expenditures without changing the way it collects taxes, there is a multiplier effect. What is the value of the multiplier? Select one (two digits after the decimal): a. 2.33 b. 2.50 c. 3.33 d. 4.00
