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- Draw expenditure graph with information below C=360+0.6Y I=200million G=150millionGive typing answer with explanation and conclusion what is the US GDP for the first quarter and second quarter of 2021? What is the personal consumption expenditures for the first quarter and second quarter of 2021?Graphically illustrate the aggregate consumption and saving functions. Explain these functions with at least 200 words. You may give examples.
- Real-Time Data Analysis Exercise The following table contains income and consumption data from FRED* for the fourth quarter of 2020. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value Personal Income $19.504.419 billion Disposable Personal Income $17.268.294 billion Personal Consumption Expenditures $14,542.383 billion Since personal consumption expenditures are exceeded by disposable income, the implication is that the fourth quarter of 2020 saw households engaged in saving investment bothUse 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 dollarsReal-Time Data Analysis Exercise The following table contains income and consumption data from FRED* for the fourth quarter of 2020. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value Personal Income $19.504.419 billion Disposable Personal Income $17.268.294 billion Personal Consumption Expenditures $14.542.383 billion Since personal consumption expenditures are exceeded by disposable income, the implication is that the fourth quarter of 2020 saw households engaged in
- Real-Time Data Analysis Exercise The following table contains income and consumption data from FRED* for the fourth quarter of 2020. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value Personal Income $19.504.419 billion Disposable Personal Income $17,268.294 billion Personal Consumption Expenditures $14,542.383 billion Since personal consumption expenditures are exceeded by disposable income, the implication is that the fourth quarter of 2020 saw households engaged in saving The difference between personal income and disposable personal income represents personal which, in the fourth quarter of 2020, amounted to $ billion. (Round your response to one decimal place.) tax payments savingThe table below gives some of the items in the U.S. National Income and ProductAccounts in 1995.ItemAmount(trillions ofdollars)Consumption expenditure 4.97Investment 1.14Government expenditures 1.37Net exports 0.08Wages 4.20Interest, rent, and profit 1.68Depreciation 0.89a) Use the expenditure approach to calculate U.S. GDP in 1995.b) Use the income approach to calculate U.S. net domestic product at factor cost inThe gross domestic product (GDP) of Country A is $2 trillion in year 1. What value of investment will increase its GDP to $4.5trillion in year 2? (present your result in the nearest billion dollars, i.e., no decimal places) Assume that the average disposable income and consumption (in real $) of this country's citizen are provided in the table below. Year Income Consumption 1 60,000 50,000 64,726 51,259
- 13 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 MPS11 pints eBook Print References Using the graph as a reference, suppose an economy's aggregate consumption function is C= $300 billion +0.50 YD. 1,000 Consumption ($ billions per year) 900 800 700 600 500 400 300 200 100 0 45° 20000 100 100 Disposable Income ($ billions per year) 50000 billion 700 billion 800 1,100 1,000 900 Instructions: Enter your responses as a whole number. a. At what level of income do households begin to save? $ b. By how much does consumption increase when disposable income rises $100 billion beyond the level of income from part a?elaborate 3 determinants in which consumption can be increased according to the consumption function