point(s) possible The table has data from the nation of Atlantica. Disposable income (trillions of 2012 dollars) Consumption expenditure (trillions of 2012 dollars) 0.0 1.5 2.0 3.0 4.0 4.5 6.0 6.0 8.0 7.5 Based on these data, when disposable income equals $8.0 trillion, there is A. saving of $0.5 trillion. B. dissaving of $15.5 trillion. O C. dissaving of $7.5 trillion. O D. saving of $15.5 trillion. O E. dissaving of $0.5 trillion.
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- Based on the information presented below, what is the equation representing the saving for this economy? GDP (Y) $0 100 200 300 Cunsumption (C) $60 120 180 240 Oa. S = -60 + 0.6Y O b. S = 60+ 0.4Y O c. S = -40 +0.75Y O d. S= -60+ 0.4Y Saving (S) S-60 -20 20 60 Investment (1) $100 100 100 1001. Complete the accompanying table with disposable income (DI) and consumption (C) schedules for a private, closed economy. All figures are in billions of dollars. DI Consumption Saving АРС APS MPC MPS 8. 40 40 80 72 120 104 160 136 200 168 240 200 (a) Refer to the above data. If plotted on a graph, the slope of the consumption schedule would be: (b) The break-even level of income is ($ ) where saving equals ( $ :). Households dissave ( $ ). Dissaving occurs at the lowest levels of income as households spend ( more, less ) than they receive in disposable income. This dissaving could occur with households liquidating (selling for cash) their assets or borrowing money. As income rises we see that savings ( increases, decreases ) by a greater and greater amount. (c) If consumption increases by $10 billion at each level of disposable income, the average propensity to consume (APC) will ( change, unchange) and/but the marginal propensity to consume (MPC)will ( change, not change). (d) (APC,…Suppose GDP in this country is $900 million. Enter the amount for consumption. Value National Income Account (Millions of dollars) Government Purchases (G) 250 Taxes minus Transfer Payments (T) 325 Consumption (C) Investment (I) 275 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) 2$ million Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private Saving million Public Saving 2$ million Based on your calculations, the government is running a budget
- 25 00:53:53 2000 Expenditures 1500 1000 500 500 1000 Disposable Income When disposable income is 1,000, I is Multiple Choice O 100 200 1500 2000 ann4. The following AGGREGATE OUTPUT / INCOME 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 CONSUMPTION 2,100 2,500 2,900 3,300 3,700 4,100 4,500 4,900 PLANNED INVESTMENT 300 300 300 300 300 300 300 300 a. At each level of output, calculate saving. At each level of out put, calculate unplanned investment (inventory change) What is likely to happen to aggregate output if the economy produces at each of the levels indicated? What is the equilib rium level of output? b. Over each range of income (2,000 to 2,500, 2,500 to 3,000, and so on), calculate the marginal propensity to consume. Calculate the marginal propensity to save. What is the multiplier? C. By assuming there is no change in the level of the MPC and the MPS and planned investment jumps by 200 and is sus tained at that higher level, recompute the table. What is the new equilibrium level of Y? Is this consistent with what you compute using the multiplier?Use the data provided in the consumption schedule below for the nation of Nevets to answer the following questions. Disposable income (Billions of 2012 dollars) Consumption Expenditure (billions of 2012 dollars) 0 90 100 160 200 230 300 300 400 370 500 420 Which of the following is a CORRECT statement? Explain why.1. There are dis-savings at income levels of 400 and 500 billion dollars.2. The break-even level of income is 400 billion dollars. 3. Savings of 30 billion occurs at an income level of 200 billion dollars
- Suppose GDP in this country is $5800 million, Enter the amount for investment. Value National Income Account (Millions of dollars) Government Purchases (G) 200 Taxes minus Transfer Payments (T) 260 Consumption (C) 300 Investment (I) Complete the following table by using national income accounting identities to calculare national saving. In vour calculations, use data from the preceding table. National Saving (S) million Complete the following table by using national income accounting identities to calcutate private and public saving. In your calculations, use data from the initial table, Private Saving- malion Public Saving milion Based on your calculations, the government is running a budgetEconomics Suppose GDP last year in a closed economy was $3,000, taxes were $200, government spending was $500, and consumption was $1,40o. What was private saving? none of the listed answers are correct -$300 O $1,400 $1,1001.3 A Country has following data Consumption Function = 90+0.75Y, Investment = 20 Billion Determine: 1. National Income Equilibrium 2. National Consumption and Saving Consumption in Equilibirum 3. Graph it!
- Karrie is a golf pro, and after she paid taxes, her income from golf and her interest from financial assets totalled $2,500,000 in 2019. At the beginning of 2019, she owned $1,100,000 worth of finanialassets. At the end of 2019, Karrie's financial assets were worth $1,300,000. How much did Karrie spend on consumption goods and services during 2019 ? Karrie spent $ enter your response here on consumption goods and services.3. Fill in the blanks in the following table: Income Consumption Saving MPC MPS APC APS $ 400 $ 900 $ 1,400 $1,000 .60 $2,000 $3,000 $4,000 $1,100 .50 $2,100Table 1 - Income and consumption data Disposable Income ($billion) Total Consumption ($billion) Savings ($billion) 100 90 ____ 200 150 ____ In Table, what is the saving with disposable income $200? Please show equation. Answers: A. 40 B. 150 C. 0.40 D. 50