As a result, firms reduce; increase reduce; remain the same accumulate; decrease reduce; decrease accumulate; increase accumulate; remain the same large amounts of unplanned inventory, and GDP and employment
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- Explain the Equilibrium condition of Aggregate Expenditure= output Y. How are inventory changes related to AE and Y?Which components of aggregate expenditure do not directly depend on current income?Which of the following components of consumption spending typically sees the largest decline in demand during a recession? automobiles food clothing housing
- Calculate consumption expenditure given that:- APC = 0.16 Income = $5000Based on Aggregate Expenditure (AE) model if aggregate expenditure is less than GDP, what will happen (increase or decrease) to: inventories GDP EmploymentThe table given below shows the values of different components of aggregate expenditure of an economy. At the equilibrium level of gross domestic product (GDP), saving equals Table 9.2 (Trillions of Dollars) Real Net Disposable Consumption Saving Planned Government Net Planned GDP Таxes Income (C) (S) Investment Purchases Exports Aggregate (Y) (NT) (Y – NT) (I) (G) (X – M) Expenditures C+I+G+(X-M) 5.0 1.0 4.0 3.9 0.1 1.0 1.0 -0.7 5.2 5.5 1.0 4.5 4.3 0.2 1.0 1.0 -0.7 5.6 6.0 1.0 5.0 4.7 0.3 1.0 1.0 -0.7 6.0 6.5 1.0 5.5 5.1 0.4 1.0 1.0 -0.7 6.4 7.0 1.0 6.0 5.5 0.5 1.0 1.0 -0.7 6.8 O a. $0.2 trillion O b. $0.1 trillion O c. $0.3 trillion O d. $0.4 trillion O e. $0.5 trillion
- decrease increase none of the components of GDPnot change (nave no effect on) should beshould not be the consumption spending component preliminary value the export spending component preliminary value the government spending component preliminary value the net exports component preliminary value two or more of the components of GDPWhy are changes in inventories included as part of investment spending? Suppose inventories declined by $1 billion during 2008. How would this affect the size of gross private domestic investment and gross domestic product in 2008? Explain.The table given below shows the values of different components of aggregate expenditure of an economy. The marginal propensity to consume (MPC) equals: Table 9.2 (Trillions of Dollars) Real Net Disposable Consumption Saving Planned Government Net Planned GDP Тахes Income (C) (S) Investment Purchases Еxports Aggregate (Y) (NT) (Y – NT) (I) (G) (X -М) Expenditures C+I+G+(X-M) 5.0 1.0 4.0 3.9 0.1 1.0 1.0 -0.7 5.2 5.5 1.0 4.5 4.3 0.2 1.0 1.0 -0.7 5.6 6.0 1.0 5.0 4.7 0.3 1.0 1.0 -0.7 6.0 6.5 1.0 5.5 5.1 0.4 1.0 1.0 -0.7 6.4 7.0 1.0 6.0 5.5 0.5 1.0 1.0 -0.7 6.8 s Navigation Menu b. 0.90 or 9/10. c. 0.60 or 3/5. d. 0.20 or 1/5. e. 0.80 or 4/5.
- Based on the following statistics, how much is consumption? Total spending | Investment Government spending $2.95 trillion Exports Imports S11.62 trillion $2.56 trillion S1.80 trillion $2.18 trillion $6.49 trillion -$0.38 trillion $11.62 trillion $5.13 trillionThe table gives the components of aggregate expenditure. Consumption Real GDP expenditure Government Investment expenditure Exports Imports 14 0 0.3 (trillions of 2012 dollars) 0.2 0.2 0.8 0 2.3 0.2 0.2 0.8 0.3 When real GDP is $4 trillion, what are aggregate planned expenditure, autonomous expenditure, and induced expenditure? >>> Answer to 1 decimal place.Based on the assumptions of the aggregate expenditure model, the equilibrium level of aggregate expenditure in this economy is equal A) Actual aggregate income and output (GDP). B) potential income and output (full employment GDP) C) less than the aggregate income and output (GDP) D) more than the aggregate income and output (GDP)
