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Part 1.

Disposable income (trillions of 2000 dollars) 0.0 1.0 2.0 3.0 Consumption expenditure (trillions of 2000 dollars) 0.8 1.6 2.4 3.2 4.0 2) The above table has data on the consumption function in the nation of Mojo. 2) What is the amount of autonomous consumption expenditure? What is the marginal propensity to consume? a. b.

Part 2.

Consumption Govemment Real GDP, Y expenditure, C Investment, I expenditure, G Exports, X Imports, M (billions of 2000 billions of 2000 (billions of 2000 (billions of 2000 (billions of (billions of dollars) 2000 dollars) 2000 dollars) dollars) 200 400 600 800 1,000 1,200 1,400 1,600 1,800 dollars) 260 420 580 740 900 1,060 1,220 1,380 1,540 dollars) 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 70 90 110 130 150 170 190 210 230 3) The above table gives information for the nation of East Hampton. 3) a. Find aggregate planned expenditure for each level of real GDP b. What is the MPC? c. What is the equilibrium level of real GDP

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