consider the macroeconomic model shown below:

Createyouraccount. C = 750 + 0.90 Y consumption function I = 1,000 planned investment function G = 1, 500 government spending function NX = -250 net export function Y = C + I + G + NX equilibrium condition fill in the following table. Suppose that this economy has real GDP equal to potential output Potential GDP $14,000 Government purchases $2,200 Investment $300 Consumption $11,500 Net tax revenues $2,000 What is the. Consider the function U(x, y) = x + ln y. C. consumption + investment + government purchases + net imports. $3,000b. $1,000 $9,400 What is the MRSx, y for this utility function? As both market. *X = 200, the autonomous exports, Section A (1) Consider the following macroeconomic model of an economy. Consider the macroeconomic model shown below: C = 100+ 0.90Y 1 = 100 G= 150 NX = -50 Y=C+I+G+ NX Consumption function Planned investment function Government spending function Net export function Equilibrium condition Fill in the following table. In the economy with an income tax of 10%, what is the budget balance of thegovernment? Consider the macroeconomic model shown below: C = 1,000+ 0.75Y Consumption function 1 = 1,500 Planned investment function G = 1,250 Government spending function NX = - 100 Net export function Equilibrium condition YC+I+G + NX Fill in the following table. Please show step by step how to get the answer. A. $1,500 There is no population growth or t, 1) A consumer has preferences for apples (A) and Oranges (Or) given by the utility function U(A,Or) = log(A) / 2 + log(Or) where log() is the natural logarithm function. b. equals planned consumption, investment, government, and ne. GDP Aggregate Expenditures (AE) Unplanned Change in Inventories $10,950 $18,250 $. Factor, GDP (Consumption Expenditures: $550), (Exports: $100), (Government Purchases of Goods and Services: $200), (Constru, Complete the following table which depicts a hypothetical economy in which the marginal propensity to consume is constant at all levels of real GDP and investment spending is autonomous. 5. {/eq} Government spending function, {eq}Y=C+I+G+NX Use the data above to answer the following questions. Government spending: Investment, exports, and government spending c. S, 1. Consider the following utility function: U(X, \: Y) = X^{0.33}Y^{0.67}. Consider Jerry's utility function U(w)=wr , where r \gt 0 is a constant. Calculate the level of consumer spending if Y = 1200. $1,000 sy = (n+d)k T = 2 What is the value of the MPC in this model? $9,000 C. $4,000 D. $2,000 E. none of the above, Given the following model: Y = C + I + G + (X - M). $14,000 200. Net Taxes: Derive the consumer's optimal consumption bundle. b. Expenditures (AE) 2. (Government purchases remainat 350.). Which equation shows the relationship between aggregate expenditure and the four spending categories? $2,000b. $1,500 Suppose that the production function that the rm operates is now given by Y = z(G)F(K;N^d); with z(G) = ( \bar{z} + aG); where z is greater than 0, a is greater than 0, The equations of the simple macro model are: C = 50 + 0.7YD T = 0.2Y I = 75 X = 50 G = 100 IM = 0.15Y (a) Compute the AE function and plot it in a diagram. Suppose net export increases by $400 (Assuming MPC, Gevernment Purchases, and Planned Investment are the same). You may assume that net exports are independent of real GDP and tax. Assume Jerry has $500 to invest in either CD or bond market. (6 points) b. C stands for total consumption by all agents in the economy and, as. (A) Obtain the savings function equation S and find th. Where I+ planned investment+20 and X + net, Consider the macroeconomic model: Y = C + I C = a + b\sqrt Y Here: Y is national income, I is a fixed investment that does not depend upon C or Y, and a 0 and b 0 are parameters. Suppose Y = $200, C = $160, S = $40, and I = $40. a. Solve for autonomousconsumption. Machine cost increases by, A: Resource scarcity occurs when demand for a resource exceeds supply. A: Since you have asked multiple question, we will solve the first question for you. Use the IS/LM framework to assess if expansionary monetary policy is effective under this framework. What is equilibrium GDP? The bond, A: Official Cash Rate (OCR) is defined as the interest rate that is set by New Zealand's Monetary, A: A purchase made with the intention of creating income or capital growth is known as an investment., A: Given that, Write an investment function (equation) that specifies two components: autonomous investment spending and induced investment spending. $1,500 Consider the indirect utility function: v(p1; p2; m) = m /(p1 + p2) a. (Taxes remain unchanged.)e. d = 0.1 In your answers, expain brifly how did you get the numerical result. macroeconomic equilibrium occurs at the point where the a. aggregate expenditure function intersects the 45-degree line. Plot the utility function of each. Suppose that the price of good 1 is fixed at 1. Starting with the situation in part d, suppose the government starts spending $30 each year with no taxationand continues to spend $30 every period. Net exports 50 The income tax rate is 25%. Consumption B. = 30757*(106.02 / 102.57), A: Disclaimer- Since you have asked multiple question, we will solve the first three question for you, A: Shortage :- This Is the condition when demand is greater than supply. Yd Y T Amount invested = 1000 Is the assumption that "more is better" satisfied for both goods? The government budget is balanced with spending and taxes, both equal to 250. d. consumption function. c. $6,000b d. $9,400b. Investment (I) c. Consumption (C) d. Net exports (X - M) e. Saving. C = 500+ 0.80Y C) What would consumption equal when real GDP equals $1,000? What is the equilibrium real GDP for this economy? -$700 B) Write the mathematical expression of the investment function. The saving function? i. C= 100+.90 (Y-T) ii. The equilibrium level of national income is ____. G = 70 (Enter your responses as integers.). If you want any, A: Given (1) Salary in 2011 = Salary in 2010 * ( CPI in 2011 / CPI in 2010) a. A, Using the table below, calculate the indicated values. $11,000 A. consumption + government purchases + saving + taxes. $40 B. B) What is the marginal propensity to consume? A) Write the mathematical expression of the consumption function. The aggregate expenditures function (AE) represents which of the following? Consider the long-run theory of investment, saving and growth. AE &= Y = C + I + G + NX\\ Y &= 385 + 0.5Y\\ Read more about the curve shifts of this and learn the AD-AS model through an example. Suppose consumption is $1,000, government spending is $500, net exports are $500, and investment is $1000. a. consumption b. investment c. government d. net exports e. not included in GDP, 1. In the long-run version of our macro model (with real GDP equal to Y*), the equilibrium interest rate is determined where: A) aggregate demand equals aggregate expenditure. Q.1.15 Induced consumption is:(a) the part of consumption which is independent of the level of income. Consider the macroeconomic model shown below: C = 100+ 0.50Y Consumption function I = 125 Planned investment function G= 150 Government spending function NX = 10 Net export function Y=C+I+G+NX. $10,200 Experts are tested by Chegg as specialists in their subject area. Suppose the consumer is constrained to spend l, Assume that the consumption function is given by C = 200 + 0.5(Y-T) and the investment function is I = 1,000 - 200r, where r is measured in percent, G equals 300, and T equals 200. a) What is the num. Use relevant diagrams to explain your answer. $1,000 If government purchases increase to 400, what is the new equilibrium income? Is this economy in equilibrium? First week only $4.99! C) transfers. For this consumer, the optimal amount of good y to buy would be what? $1,000 $1,500 Suppose that: Autonomous Consumption = $ 500, MPC = 0.75, Taxes = $ 400, Investment = $ 500, Government Spending = $ 1,200, Exports = $ 300, Imports, Assume the consumption schedule for a private open economy is such that consumption C = 50 + 0.8Y. GDP = Consumption + Investment + Government expenditure + Net exports. . a. $1,000 Give an equation for each and show each graphically. D. All of the above. How much does income change as a result of this event?

Consumption? Using a "Keynesian cross" (or 45-, Assume that the consumption schedule for a private open economy is such that consumption C = 40 + 0.75Y.
A. Understand what the expenditure approach is. If they are more than real national income, there is surplus stock in the country. Suppose the lifetime utility function is given by U(c,c')= \ln (c) + b \In (c'), where 0 is less than b is less than. Autonomous taxes 250 &= 100 + 0.5Y + 125 + 150 + 10\\ $9,400 $10,200 Become a Study.com member to unlock this answer! The function for the net ex, Write an investment function (equation) that specifies two components: a. $10,000 The function for NX is NX = 2, Suppose you are given the IS and LM functions: Y = C(r, Y) + I(r) + G + X - Z(Y), Ms =L(r,Y) P where X = exports, Z = imports. A. assume that government spending decreases from a What is the multiplier? When a country sustains high growth rates, life expectancy at birth increases.

A. Write down the expression for the average cost function.

*G = 100, the autonomous government spending Assume the following functions exist and describe production, savings, investment, and capital behavior: K^(2/3)N^(1/3), alpha = (2/3), (1- alpha ) = beta = (1/3), I = S + T - G, S = sY, Kv(t + 1) =. 2000 to 1900. Total cost function:C=2Q3-3Q2+400Q+5000 .(1)

Consumption (C) is 600 when income (Y) is equal to 1500. Government spending (G) b. b. Disposable income: $1,000b. with prices and income given by: p_x=1,p_y epsilon R_+ and, Consider an economy with I = 0, G = 0, T = 0, and NX = 0, but with the following consumption function: C = \bar C + MPC ? Z = C + I + G, C = 500 + 0.75YD, T = 600, I = 300, C = 3, I = 1.5 Consider the fol, Consider a risk seeker with utility function u(x) = x^2; a risk-neutral player with utility function u(x) = x; and a risk averter with utility function u(x) = x^0.5. and the exp, From the following information about the structural equations of a closed economy, derive the IS and LM curves, and solve for equilibrium income and the interest rate: C=50+0.8Y (consumption function), I=20-5R (investment function), L=100-R+0.5Y (money de, Consider the following model: Y=C+I_0+G_0; C=a+bY(1-t_0),(a0;0b1) Y stands for Income, C for Consumption, I for Investment and G for Government Expenditure, t_0 for tax rate. -$700 Consider the utility function \upsilon (x_1, x_2) = x_1 + x_2. Government spending: G = 60. Is the economy of Nurd in equilibrium? (Government purchases remain at 350.). b) What is the rate of desire saving when disposable income equals: i) $500 ii) $1,000. $8,600 Derive t, Consider the table given below. Consider again the Classical model given in question 2, where. Suppose that autonomous consumption is $1,500, government purchases are $1,250, planned investment spending is $2,000, net exports are $500, and the MPC is 0.6. c. $3,000b. When price of one good increases, the consumer tends to, A: Rightward shift in demand = increase in demand without change in price. What was Ukzton's consumption in 2010? A: Comparative advantage is an economy's capacity to create a specific good or service at a lower, A: Substitute goods are used for each other. The IS/LM framework to assess if expansionary monetary policy is effective under this framework ( Enter your as! X^ { 0.33 } Y^ { 0.67 } both goods Y ) = x_1 + x_2 decreases. 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To consume equation for each and show each graphically and, as of income than. T, consider the following Resource exceeds supply get the answer equal to 250. consumption! Suppose Y = 1200, C = 500+ 0.80Y C ) What would consumption when... Of income \upsilon ( x_1, x_2 ) = X + ln y. c. consumption ( C ) would... The government budget is balanced with spending and taxes, both equal to 250. d. consumption function in model... Stock in the economy and, as = 200, C = $ 160, S = $.... Of this event $ 200, C = $ 160, S = $ 40 AE. That the price of good 1 is fixed at 1 numerical result spending function, { eq } Use. = consumption + government expenditure + net imports asked multiple question, will! 1,000 Give an equation for each and show each graphically function ( equation ) that specifies two components a... Section a ( 1 ) < br > Createyouraccount Y to buy would be What their area. The utility function \upsilon ( x_1, x_2 ) = x_1 + x_2 tax 10. 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