Help me correct this paper 5. 6. Use the following equation for consumption to give the numerical

Help me correct this paper

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5. 6. Use the following equation for consumption to give the numerical answers to the questions that follow: (6 marks) C = 495 +.98(1-.37)Y a) What is autonomous consumption? b) c) d) If national income (Y) is $3800, what is the total amount of tax that the government will collect? e) a) b) c) 1175 What is the marginal propensity to consume? What is the income tax rate? What is the amount of disposable income in the country? What is the equation for savings in this economy? Use the following system of equations to give numerical answers to the questions that follow (4 marks) 2394 C = 598 +.76(1-.42)Y 1 = 185 G = 325 T = 267 X = 542 M = 158 +.03Y What is the equation for Aggregate Expenditure? AE What is the marginal propensity to import? Draw the AE diagram in the space provided below. Be sure to label it completely and in the value of the constant in the equation. Label the line AE1. l AE;=ORIV: 1225 VOR Hody #Y +1225 5. 6. Use the following equation for consumption to give the numerical answers to the questions that follow: (6 marks) C = 495 +.98(1-.37)Y a) What is autonomous consumption? b) c) d) If national income (Y) is $3800, what is the total amount of tax that the government will collect? e) a) b) c) 1175 What is the marginal propensity to consume? What is the income tax rate? What is the amount of disposable income in the country? What is the equation for savings in this economy? Use the following system of equations to give numerical answers to the questions that follow (4 marks) 2394 C = 598 +.76(1-.42)Y 1 = 185 G = 325 T = 267 X = 542 M = 158 +.03Y What is the equation for Aggregate Expenditure? AE What is the marginal propensity to import? Draw the AE diagram in the space provided below. Be sure to label it completely and in the value of the constant in the equation. Label the line AE1. l AE;=ORIV: 1225 VOR Hody #Y +1225

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