Consider an open economy with a current population of 0.55 million people, and where the potential GDP is $3.24 billion. Consumer expenditure represented by the following equation: C = 60 + 0.75DI. Exports are constant at $500 million, and investors want to spend $400 million at every level of income. The government purchases are $300 million, imports are constant at $450 million, and taxes are $200 million. (Question 10 of 12) Now, consider that investors become optimistic about the country's future, and raise their investment to $565 million in the following period. At the same time, given the birth rate, mortality rate, and net migration, the economy experienced an increase of 20% in its population. As a result of these events, what is the current population level? (report your answer at 2 decimal places and in millions of people)

Consider an open economy with a current population of 0.55 million people, and where the potential GDP is $3.24 billion. Consumer expenditure represented by the following equation: C = 60 + 0.75DI. Exports are constant at $500 million, and investors want to spend $400 million at every level of income. The government purchases are $300 million, imports are constant at $450 million, and taxes are $200 million. (Question 10 of 12) Now, consider that investors become optimistic about the country's future, and raise their investment to $565 million in the following period. At the same time, given the birth rate, mortality rate, and net migration, the economy experienced an increase of 20% in its population. As a result of these events, what is the current population level? (report your answer at 2 decimal places and in millions of people)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider an open economy with a current population of 0.55 million people, and where the potential GDP is $3.24 billion. Consumer expenditure is represented by the following equation: C = 60+ 0.75DI. Exports are constant at $500 million, and investors want to spend $400 million at every level of income. The government purchases are $300 million, imports are constant at $450 million, and taxes are $200 million. (Question 3 of 12) Is there any gap at the current level of GDP? (complete the following sentence) Currently, there is ✓ gap.
Consider an open economy with a current population of 0.55 million people, and where the potential GDP is $ 3.24 billion. Consumer expenditure is represented by the following equation: C = 60+ 0.75DI. Exports are constant at $500 million, and investors want to spend $ 400 million at every level of income. The government purchases are $300 million, imports are constant at $ 450 million, and taxes are $200 million. - What is the current equilibrium level of real GDP? (report your answer at 2 decimal places and in millions of dollars)
Calculate the values for government purchases (G), private domestic saving (S), and private domestic investment (I) from the following information (all variables are in billions of dollars). 1. - . 5,200 YD = 4,400 C = 4,100 budget deficit trade surplus (NX) national income Y BD = 150 disposable income consumption TD = 110
Argentina has net capital outflow of $2,000, government purchases of $10,000 and consumption of $40,000. Which of the following is correct? If its domestic investment is $2,000, its GDP is $52,000. If its domestic investment is $4,000, its GDP is $56,000. If its domestic investment is $10,000, its GDP is $58,000. None of the above are correct. b. d. A B D b
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Assume that GDP is $6500, personal disposable income is $5600, and the government budget deficit is $400. Consumption is $3800, and the trade deficit is $100. Calculate the saving (S), investment (I), and government spending (G).
Assume that the consumption schedule for a private open economy is such that consumption C = 50 + 0.8Y. Assume further that planned investment Ig and net exports Xn are independent of the level of real GDP and constant at Ig = 30 and Xn = 10. Recall also that, in equilibrium, the real output produced (Y ) is equal to aggregate expenditures: Y = C + Ig + Xn.a. Calculate the equilibrium level of income or real GDP for this economy.b. What happens to equilibrium Y if Ig changes to 10? What does this outcome reveal about the size of the multiplier?
Assume an economy where spending for each sector is: Household: C = 800 + 0.95Q Business: I = 3000 Public: G = 4000, Tr = 7000, Tx = 1000 + 0.3Q Foreign: X = 1700, Im = 200 + 0.165Q Solve for Consumption Expenditure, Household Savings, Imports https://www.bartleby.com/questions-and-answers/assume-an-economy-where-spending-for-each-sector-is-household-c-800-0.95q-business-i-3000-public-g-4/849c5d9a-4bb7-48c4-8b89-ccc576cdc909
Use the following table to answer the next question. All figures in the table are in billions. C + I $525 560 RGDP $500 550 600 650 700 750 $600 billion. $700 billion. $650 billion. 595 630 665 700 $550 billion. Exports $15 15 15 5555 The equilibrium level of real GDP in this private open economy is Multiple Choice 15 15 15 Imports $10 10 10 10 10 10
ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption C= 100 + 0.75 Y. Assume further that planned investment /g, government spending G, and net exports Xn are independent of the level of real GDP and = 60, G= 0, and Xn= 10. Recall also that, in equilibrium, the real output produced (Y) is equal to aggregate expenditures: constant at Y= C+ lg+ G+ Xn: Instructions: Round your answers to the nearest whole number. a. Calculate the equilibrium level of income or real GDP for this economy. $ b. What happens to equilibrium Yif lg changes to 40? What does this outcome reveal about the size of the multiplier? Multiplier =
4) Calculate the values for government purchases (G), private domestic saving (S), and private domestic investment (I) from the following information (all variables are in billions of dollars). National income Y = 5,200 Disposable income Consumption Budget Deficit Net Exports YD = 4,400 C = 4,100 BD = 150 NX = 110
ADVANCED ANALYSIS Assume that the consumption schedule for a private open economy is such that consumption C= 100 + 0.9 Y. Assume further that planned investment /g, government spending G, and net exports Xn are independent of the level of real GDP and constant at lg= 60, G= 0, and Xn= 10. Recall also that, in equilibrium, the real output produced (Y) is equal to aggregate expenditures: Y= C+ lg+ G+ Xn. Instructions: Round your answers to the nearest whole number. a. Calculate the equilibrium level of income or real GDP for this economy. $ b. What happens to equilibrium Yif lg changes to 40? 2$ What does this outcome reveal about the size of the multiplier? Multiplier =