1. Business
  2. Economics
  3. answer all parts to get a good rating otherwise i...

Question: answer all parts to get a good rating otherwise i...

Question details
Answer all parts to get a good rating otherwise I will report you. Thanks so much.


Forget #3. Answer #4 and 5. Thanks

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 (bilions of(bions of dollars) 2000 dollars) 2000 dollars) dollars) dollars) dollars) 100 100 100 100 100 100 100 100 100 100 100 100 400 600 800 1,000 90 110 130 150 170 190 580 740 100 100 1,400 1,600 1,220 100 100 1,540 230 3) The above table gives information for the nation of East Hampton 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 Explain why the expenditure multiplier is greater than 1 Consumption Real GDP, Y expenditure, CInvestment, I expenditure, G Exports, X (trillions of 2000 (trillions of 2000 (trillions of 2000 (trillions of 2000 (trillions of Imports, M (trillions of dollars) 0.0 2.5 5.0 7.5 10.0 dollars) 0.00 1.50 3.00 4.50 6.00 dollars) 1.75 1.75 1.75 1.75 1.75 dollars) 1.25 1.25 1.25 1.25 1.25 2000 dollars) 2000 dollars) 1.50 1.50 1.50 1.50 150 0.00 0.50 1.00 150 2.00 5) The above table presents data for the nation of Economica. a. What is the aggregate planned expenditure and unplanned inventory change at eaclh level of real GDP? b. At what level of real GDP is equilibrium expenditure achieved?
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution