Business, 24.10.2019 01:30 Clark1212

Assume an economy in which the marginal propensity to consume, c, is 0.8, the income tax rate, t, is 0.2, and the share of imports in gdp, nx, is 0.04. autonomous consumption, ca, is 660; autonomous taxes, ta, are 200; autonomous net exports, nxa, are 300; planned investment, ip, is 500; and government spending, g, is 500.

(a) what is the value of autonomous planned spending (ap)?

(b) what is the value of the multiplier?

(c) what is the equilibrium value of income (y)?

(d) what is the value of consumption in equilibrium?

(e) show that leakages equal injections.

(f) suppose government expenditures decline by 150. describe the economic process by which the new equilibrium value of y is attained.

(g) what is the new equilibrium value of y?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 07:30

Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric

Answers: 2

Answer

Business, 22.06.2019 09:50

Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses

Answers: 3

Answer

Business, 22.06.2019 19:20

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as

Answers: 2

Answer

Business, 22.06.2019 23:00

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is:

Answers: 1

Answer

You know the right answer?

Assume an economy in which the marginal propensity to consume, c, is 0.8, the income tax rate, t, is...

Questions