An economy is described by the following equations: C= 1500 + 0.75(Y - T) po = 800 G= 1500 X = 100 M=0 T=1500 †=0 Y* = 12000 a) Find a numerical equation linking planned aggregate expenditure to output. b) Find its exogenous expenditure and induced expenditure in this economy
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- Calculate business investment for the following data: Y = 55,000 C = 40,000 G= 5,000 NX= - 2000 A.) Investment is $9,800 B.) Investment is 12,000 C.) Investment is 3600 D.) Investment is 1,200For an IS/LM model of an economy with the following equations: C = 200 + 0.8Yd |= 220 – 25i G 240 %3D TR 150 T= .2Y L= .1Y– 31 = 125 The equations for the IS and LM (to two decimal places) are OY= 2168.4 - 69.5i andY = 30i + 1250 OY= 2168.4 - 69.5i and Y = 31 + 125 Y= 780 - 25i and Y = 30i + 1250 Y= 2168.4 + 69.5i and Y = 30i – 1250 ミ1a EY6 4.) The following equations describe an economy. Y = C + I + G C = 50 + 0.7(Y-T) I = 108 -200r G = 120 T = 120 (M/P)d = 2Y -200r M = 1000 P = 1 a.) Use the relevant set of equations to derive the IS curve. Graph it on an appropriately labeled graph. b.) Use the relevant set of equations to derive the LM curve. Graph it on an appropriately labeled graph. c.) What is the equilibrium level of income and the equilibrium real interest rate? d.) Now consider that the LRAS curve is Y = 600. Draw the LRAS curve on the IS-LM Model and the AD-AS Model for this economy. (Remember, P= 1) e.) What will happen for this economy to reach long run equilibrium?
- . This question repeats the exercise of Study Exercise 12, but for spe- cific numerical values. The equations of the model are C = 50 +0.7YD T = (0.2)Y I = 75 X = 50 G = 100 IM = (0.15)Y i a. Compute the AE function and plot it in a diagram. What is to- tal autonomous expenditure? b. What is the slope of the AE function? c. Compute the equilibrium level of national income. d. Suppose X rises from 50 to 100. How does this affect the level of national income? e. What is the simple multiplier in this model?Potential GDP| ' 45° C+1+(X-IM) 4,800 B 3,200 3,000 4,000 5,000 2. Use the graph above to answer the following questions: a. Calculate the MPC: b. What is the equilibrium value of GDP?_ Real Expenditure (billions of dollars per year)Real-Time Data Analysis Exercise The following table contains the most recent household expenditure data from FRED*. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Using the data from FRED, compute the value for personal consumption expenditures for the first quarter of 2021. (Enter your response rounded to one decimal place.) Title Value Personal Consumption Expenditures $ 15,069.2 billion $1,938.577 billion Personal Consumption Expenditures: Durable Goods Personal Consumption Expenditures: Nondurable Goods $3,269.759 billion $1,049.521 billion $9,860.896 billion Private Residential Fixed Investment Personal Consumption Expenditures: Services According to these data, the share of total household expenditures devoted to goods is 34.6 percent. (Enter your response rounded to one decimal place.) From this result it may be concluded that, all else constant, any given reduction in household spending will be felt more significantly in…
- What is the level of Y if the change in inventory is -200? Planned Government Net Exports Aggregate Change in Real GDP (Y) Consumption (C) Investment (I') Purchases (G) (NX) Expenditures (AE) Inventories 10000 8200 800 11000 9000 600 12000 9800 13000 14000 15000 800 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 10000 b 11000 C 12000 d 13000In an economy of three sectors, assumed that : C= 400 + 0.75YD T= 400 I=300 G=400 All the variables are in RM Million. a) Based on the above information complete the table below. National Income Consumer Savings Aggregate Expenditure 3000 8000 Please provide me with the full answers with the working of the calculation so that I could learn it better. Thanks in advance.In this question, In Country 1, the values of the aggregate variables in 2020 are given as follows: Country 1 (in 2022) Variable Value Consumption 1227 investments 800 Government expenditures: 500 Exports: 150 Imports: 550 What is the GDP of Country 1 in 2022? Only Typing answer I need ASAP
- The following is the macro model of the economy for next year. (i) Find theparametric solutions for the predicted GDP (Y ) and for the predicted netexport (X): (ii) Verify that the 3rd equation is satisÖed by your solutions. Y=C+G0+X C=a+b(Y-t0Y) X=k-mYNeed help with macroeconomic review questions! How do each of the following transactions affect Canada’s GDP? Unless otherwiseindicated, assume that each of the subsequently mentioned people resides in Canada.(d) Hitomi is a Japanese tourist who spends $50,000 on her vacation in Alberta.(e) Ichabod purchases a $12,000 semiconductor, which he uses to create a robot. He then sells the robot for $67,000.(i) Mario spends $10,000 transporting his marijuana to the cannabis shop, where hesells it for $25,000.Linear equations for the consumption, saving schedules take the general form C = a+ bY and S= -a + ( 1 - B) Y, where C, S , and Y are consumption, saving, and national income, respectively. The constant a represents the vertical intercept, and b represents the slope of the consumption schedule. A) use the following data to substitute numerical values for A and B in the consumption and savings equation  B) what is the economic meaning of B? Of (1-b)? C) suppose that the amount of saving that occurs of each level of national income falls by $20 but that the values of B and (1-b) remain unchanged. Restate the saving and consumption equations inserting the new numerical values, and cite a factor that might have caused the change.