不Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as whole numbers.)Real GDP()Consumption(C)PlannedInvestment (/)GovernmentPurchases (G)NetExports (NX)$15,000$10,500$1,500$1,300- $375$16,000$11,200$1,5001,300- $375$17,000$1,5001,300- $375$18,000$1,5001,300- $375$19,000$$1,5001,300- $375

MPC says the **the ratio of the additional money dollar of income which consumers expend, not…

Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as whole numbers.) Real GDP (S) $15,000 $16,000 $17,000 $18,000 $19,000 Consumption (C) $10,500 $11,200 Government Purchases (G) Planned Investment (1) $1,500 $1,300 $1,500 1,300 $1,500 1,300 $1,500 1,300 $1,500 1,300 Net Exports (NX) -$375 - $375 - $375 -$375 -$375

Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes and that there are zero taxes. (Enter all values as whole numbers.) Real GDP (S) $15,000 $16,000 $17,000 $18,000 $19,000 Consumption (C) $10,500 $11,200 Government Purchases (G) Planned Investment (1) $1,500 $1,300 $1,500 1,300 $1,500 1,300 $1,500 1,300 $1,500 1,300 Net Exports (NX) -$375 - $375 - $375 -$375 -$375

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 6SQP

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Billions of Dollars 6,500 1,900 1,200 Consumption Gross private domestic investment Government spending less transfer payments Imports Exports Depredation Indirect business taxes and transfers 600 500 1,500 750 17) Using the above table, the GDP is (in billions of dollars) A) 10,200. B) 8,200. C) 8,900. D) 9,500.
The equilibrium level of real GDP is Real GDP Consumption (Y) (C) $8,000 $6,200 9,000 10,000 11,000 12,000 6,850 7,500 8,150 8,800 Planned. Gov't Net Investment Purchases Exports Aggregate Planned (1) $1,675 (G) (NX) $1,675 -$500 Expenditure $9,050 1,675 1,675 -$500 9,700 1,675 1,675 -$500 1,675 -$500 1,675 -$500 1,675 1,675 10,350 11,000 11,650 Unplanned Change in Inventories $-1,050 -700 -350 350
e the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billon
(c) The following table is the information of the real GDP and all the expenditures (the numbers are in billions) for Country XYZ. Planned Government Real GDP (S) Consumption ($) Net Exports ($) Investment ($) 350 Purchases ($) 450 4000 3500 -100 5000 4300 350 450 -100 6000 5100 350 450 -100 7000 5900 350 450 -100 (i) What is the equilibrium level of real GDP? (ii) If potential GDP is $7000 billion, is the economy at full employment? If not, what is the condition of the economy? If the economy is not at full employment, by how much should government spending increase so that the economy can move to the full employment level of GDP?
Problem 1. Calculate APC, MPC, MPS and APS from the following data: Income (Y) Consumption (C) (8) 1000 900 1200 1060
(o) Calculate MPC, MPS and APC from the following data: Income (Y) Consumption 100 95 110 104
a What is the total value of government spending? b What is the value of total consumer spending? c What is the country's total GDP?
Restaurant meals and vacation hotels expenditures are examples of ______A. consumptionB. investmentC. government spendingD. taxation
Refer to the data in the table below to answer the following question. Federal Budget: 2012 Line Item National Defense Human Resources Medicare Other Physical Resources Net Interest Other Functions Undistributed Offsetting Receipts Total 2012 In millions of dollars 635,698 2,942,658 451,208 2,491,450 220,255 290,496 185,702 - 180,820 4,093,989 Compute the ratio as a percentage of Physical Resources to Human Resources and determine the best interpretation of the percentage. O Physical Resources spending is 7% as much as the amount spent on Human Resources. O Human Resources spending is 7% as much as the amount spent on Human Resources. O The amount spent on Physical Resources is 8%. O Physical Resources is 17% of the budget.
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