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- 6. Use the following table to answer these questions: hoilli Y C $ 500 $ 600 $ 700 $ 800 $ 900 $500 $10 $20 $60 $590 $10 $20 $40 $680 $10 $20 $20 $ 0 -$20 --$40 $770 $10 $20 $860 $10 $20 $1,000 $950 $10 $20 a. What is the MPC? b. What is the MPS? c. What is the MPI? d. What is the level of aggregate expenditures at each level of income? e. Graph the aggregate expenditures function. 7. Based on the table in exercise 6, what is the linear equa- tion for each of the following functions? a. Consumption b. Investment c. Net exports d, Aggregate expendituresThe cost of rebuilding the Philippines after typhoon Haiyan could reach USD 5.8bn”, a senior official has said. Assume the government of Australia Department of Foreign Affairs and Trade provided a grant of USD 5.8 billion. Also assume that despite the hardships the Philippine families experienced, 15% was the beneficiary savings from the Australian grant. Further, assume all other factors remain constant.a. Calculate the total effect of the spending multiplier of the Australian government grant on the Philippine economy GDP growth. b. Examine the overall multiplier effect of the USD5.8 billion grant on the Philippine economy. Answer asap n correctly with proper typed explanationDiscuss the important features of the public budget and the relationshipbetween revenues and expenditures.
- The data in columns 1 and 2 in the table below are for a private closed economy. (1) (2) (3) (4) (5) (6) Aggregate Expenditures, Private Closed Aggregate Expenditures, Private Open Economy, Billions Real Domestic Output (GDP = DI), Billions Exports, Billions Imports, Billions Net Exports, Billions Economy, Billions $350 $390 $20 $30 400 430 20 30 450 470 20 30 500 510 20 30 550 550 20 30 600 590 20 30 650 630 20 30 700 670 20 30 a. Use columns 1 and 2 to determine the equilibrium GDP for this hypothetical economy. 2$ billion b. Now open up this economy to international trade by including the export and import figures of columns 3 and 4. Fill in the gray- shaded cells in columns 5 and 6. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. What is the equilibrium GDP for the open economy? 2$ billion What is the change in equilibrium GDP caused by the addition of net exports? 2$…6. Use the following table to answer these questions: Y C I $500 $590 $680 $770 $860 $950 $ 500 $ 600 $ 700 $800 $ 900 $1,000 $10 $10 $10 $10 $10 $10 G $20 $20 $20 $20 $20 $20 X $60 $40 bin 1 $20 $0 -$20 -$40 a. What is the MPC? b. What is the MPS? c. What is the MPI? d. What is the level of aggregate expenditures at each level of income? e. Graph the aggregate expenditures function.Question 18/28 > NEXT A BOOKMARK 18 According to the pie chart, which of the following provides the most revenue for the federal government? Federal Tax Revenue 2015: $3.18 trillion Corporate Inco Taxes Miscellaneous Individual Income Taxes Excise Taxes $1.48 trillion 47% Customs Duties Payroll Taxes $1.07 trillion 34% nationalpriorities.org PRIORITIES A Individual income taxes B Corporate taxes C Payroll taxes D Excise taxes DELL -> @ # $ 7 8. 1 4 W e y < O 5
- HELP ME PLEASE 20 MINS LEFT!!! A- if this economy was an open economy without a government sector, what would be the level of gdp and aggregate expenditure? B- If the economy becomes an open economy without a government sector, what would he the level of gdp and aggregate expenditure? C- Calculate the size of the multiplier associated with changes in government spending D- What is the effect if adding the government sector to the economy on the GDP and the AE? Show your calculationsAnswer the ff: ty!The following diagram represents an economy in which government spending increases. PPF, PPF2 C2 (0,0) Leisure, I Economists would say that "government spending is creating a crowding-out effect". What does it mean? O Overall production in the economy is decreasing O Although GDP is increasing, private consumption decreases due to the increase in taxes needed to finance the increase in government spending Leisure is increasing, which causes labor income to decrease, which means that consumers can afford less private consumption O Government spending decreases productivity in the economy Consumption, C
- Give your opinion about Malaysia's budget 2022?1.a Suppose the country of Freelandia has an MPC of .85 and a real GDP of $200 billion. If its investment spending decreases by $3 billion, what will be its new level of real GDP?If government procurement officials are stewards of public funds, how can the publicensure that this money is being spent correctly? What checks and balances come to yourmind when it comes to deciding how and where to spend a ministry’s budget?