Which components of Aggregate Expenditure change as a result of a change in real GDP? Question 3Answer a. consumption, investment, and exports b. consumption and investment c. consumption, investment, and government expenditures d. consumption and governments e. consumption and imports
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- The following are a year's data for a hypothetical economy. Comsmption $400B, Government purchases $350B, GDPI $150B, Exports $150B, Imports $100B, Depreciation $50B. a) what is the value of GDP and NDP? b) what is the value of Net private Domestic investment ? c) suppose that in the next year exports increases to $175B, imports increase to 200B, and consumption falls to 350B. What will GDP be in that year?The table below provides Income and consumption Data in billions of dollars. Answer question below based on it.Disposable Consumption SavingsIncome100 80 --------200 150 --------- If the government increases spending by $5,000, then based on data in question 21, GDP in this economy will increase byWhen real GDP is zero, investment is $2.0 trillion, government expenditure is $1.5 trillion, exports are $1.5 trillion, and consumption expenditure is zero. Aggregate expenditure (trillions of 2012 dollars) 7.0- Draw a line that shows autonomous expenditure. Label it A. 6.0- What is consumption expenditure minus imports, which varies with real GDP called? 5.0- O A. actual expenditure 4.0- O B. domestic expenditure O C. aggregate expenditure 3.0- O D. induced expenditure 2.0- 1.0- 0.0+ 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 Real GDP (trillions of 2012 dollars) >>> Draw only the objects specified in the question. Click the graph, choose a tool in the palette and follow the instructions to create your graph. 20 000 000 DII DD esc F1 F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 23 $ & 1 2 4 7 8 Q W E P tab T
- Which of the following components of aggregate expenditure is most subject to crowding out? a. Consumption expenditures b. Government purchases of goods and services c. Imports d. Investment spending e. National saving13 hts 02:59:16 eBook Print References a. Fill in the missing numbers (gray-shaded cells) in the table. Instructions: In the table, enter your answers for consumption as a whole number. Round your answers for APC and APS to 4 decimal places. Round your answers for MPC and MPS to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Level of Output and Income (GDPDI) $240 260 280 300 320 340 360 380 400 Consumption Saving $-4 0 4 8 12 16 20 24 28 APC APS MPC MPSHow does an increase in government spending affect the aggregate expenditure line? It shifts the aggregate expenditure line upward. It shifts the aggregate expenditure line downward. It increases the slope of the aggregate expenditure line. It decreases the slope of the aggregate expenditure line.
- In the economy of Kwartengland, the following figures are given for economic activity which was undertaken in 2013. All the figures are million Ghana Cedis Consumption Expenditure = 1000 + 0.8 YD Investment Spending= 600 Government Expenditure = 2450 Personal Taxes= 100 Exports= 100 Imports= 150 1. Calculate the equilibrium real GDP for the economy 2. What is the level of consumption at the equilibrium level of GDP 3. Calculate the investment and tax multipliers 4. By how much should exports change if government wishes to increase real GDP by 1000?paper a pen and a calculator in order to solve the fo Problem 1 The various expenditure categories within the economy are: C = 600+ 0.8Yd | - 800 G = 600 NX = 0 T = 700 Refer to problem 1. Equilibrium Real GDP is *What is the relative importance of consumption spending (C) in aggreagte demand and some factors that affect it? What is the relative importance of investment spending (I) in aggreagte demand and some factors that affect it? What is the relative importance of government spending (G) in aggreagte demand and some factors that affect it? What is the relative importance of Net Export (NX) (Net Export = spending on exports (X) - imports (M)) in aggreagte demand and some factors that affect it?
- What are the four categories of aggregate expenditure (demand)? Give an example of each. 9.1 Calculate the Marginal Propensity to Consume and the Marginal Propensity to Save. Fill in the blanks in the following table. Show that the MPC plus the MPS equals 1. National Income & Real GDP (Y) Consumption (C) Saving (S) MPC MPS $9,000 $8,000 $10,000 $8,600 $11,000 $9,200 $12,000 $9,800 $13,000 $10,400A. Place each of the following transactions in one of the four components of expenditure: consumption, investment, government purchases, and exports/imports. Island Manufacturers (Jamaica) sells furniture to the Jamaican Government. Island Manufacturers (Jamaica) builds a new line of home furniture to be sold next year.Observe the graph between Total expenditure and National income. Choose among the following which choice is TRUE for point E that Effective Demand? National income and national output are not related National income is less to the national output National income is equal to the national output National income is greater than the national output
