5.The MPC is a.marginal propensity to change b.marginal propensity to consume c.multiple platform to consume d.marginal productivity to consume
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- 7) Suppose that a person starts life at the age of 20, plans to work until 65, and will die at 80 and that annual labour income, YL, is $30,000. Find the following: a. Lifetime resources of the person b. Annual consumption c. Marginal propensity to consume2. The marginal propensity to save is 0.15, the marginal propensity to consume:(A) is 1.15. (B) is 0.85. (C) is 0.15. (D) cannot be determined by the given information.3. What name is given to expenditures that must be made before production starts and that do not change regardless of the level of production? A. Marginal costs B. Diseconomies of scale C. Variable costs D. Fixed costs I
- If a household’s income falls from R12 000 to R10 000, and its consumption fallsfrom R9 500 to R8 000, then: choose the correct answer(a) The marginal propensity to consume is ‐0.8. (b) The marginal propensity to consume is 0.75. (c) The marginal propensity to consume is 0.2. (d) The marginal propensity to save is 0.15If the marginal product of capital is lower than the cost of capital, then a. the value of q is low. b. the profit rate is high. c. value of q is high. d. marginal propensity to consume is low.4) Distinguish between the short-run and long-run factors that affect residential investment.
- (1)The following macroeconomic model describes the economy of Sunderland. 1. Y= C +I + G + NX 2. C = 220 + 0.63 Y 3. 1 = 1000- 2000R 4. G = Go 5. NX = 525-0.10Y-50OR 6. M (0.1583Y-1000R)P (a)ls it a fair characterization to refer to equation #2 as a "simple" consumption function? Explain. (b)Derive the expression for equilibrium real output, Y, for this economy. Note: In your final expression for Y, restrict coefficient values to three decimal points. (c) Suppose government spending is 1200 , money supply by the Central Bank is 900 and the price level is 1, find the value of GDP (Y) and equilibrium interest rate (R) for Sunderland. Income Identity Consumption function Investment function Government Expenditure Net export function Money market equilibrium (2)The questions in this section are related to the macroeconomic model of Sunderland. (a)The expression you are asked to derive in question #1b can be considered an aggregate demand curve. Do you agree? Explain your answer. (b)Sketch…4. If you save $20 when you experience a $200 rise in your income:(A) your marginal propensity to save is 0.2. (B) your marginal propensity to consume is 0.9.(C) your marginal propensity to consume is 0.1.(D) your marginal propensity to consume is 0.8.1. Solve and show complete solution. Help pls.
- 270 200 130 60 450 100 200 300 Aggregate income (Y) Figure 8.3 Refer to Figure 8.3. For this society, aggregate saving is positive if aggregate income is .above zero .a between $0 and $150 billion .b O .c O .equal to $200 billion .above $200 billion .d O Aggregate consumption (C)You are an economic advisor to the government. Discuss your opinion . a) How COVID-19 pandemic will affect the consumption behavior as well as the investment done by the firms and household for the next two years? b) What are the actions or policies that the government can implement to face this situation? please answers with analysis and --graph (if possible)9. Real GDP per hour worked, Y/L $40 ic B 60 Production function, Production function, function in the figure above by a movement - Production function, Capital per hour worked, K/L Diminishing marginal returns is illustrated in the per-worker production a. up along any of the production functions. b. from Production function 1 to Production function 2. c. from Production function 1 to Production function 3. d. from Production function 2 to Production function 1. e. from Production function 3 to Production function 1.