Suppose we have the following information for an economy: Y = 100, C=0.8Y, J = 20...
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Suppose we have the following information for an economy: Y = 100, C₁=0.8Y, J = 20 (i) (iii) (iv) (v) What is the marginal propensity to consume domestically produced goods? What is the marginal propensity to withdraw (in savings, taxes and imports)? What is the value of the multiplier? What is the value of the multiplier if the marginal propensity to withdraw increases to 0.4? The higher the marginal propensity to withdraw (or the propensity to consume domestically produced goods) the the marginal the multiplier. An annual premium with-profits endowment assurance policy is issued to a life aged 35. The initial sum assured is £50,000 and the term of the policy is 25 years. The death benefit of the sum assured and attaching bonuses is payable at the end of the year of death. The office declares compound reversionary bonuses. Given that bonuses of 3% pa have been declared annually in advance for each year of the contract, find the net premium reserve at the end of the fifth policy year. Basis: AM92 Select mortality, 4% pa interest [3] Suppose we have the following information for an economy: Y = 100, C₁=0.8Y, J = 20 (i) (iii) (iv) (v) What is the marginal propensity to consume domestically produced goods? What is the marginal propensity to withdraw (in savings, taxes and imports)? What is the value of the multiplier? What is the value of the multiplier if the marginal propensity to withdraw increases to 0.4? The higher the marginal propensity to withdraw (or the propensity to consume domestically produced goods) the the marginal the multiplier. An annual premium with-profits endowment assurance policy is issued to a life aged 35. The initial sum assured is £50,000 and the term of the policy is 25 years. The death benefit of the sum assured and attaching bonuses is payable at the end of the year of death. The office declares compound reversionary bonuses. Given that bonuses of 3% pa have been declared annually in advance for each year of the contract, find the net premium reserve at the end of the fifth policy year. Basis: AM92 Select mortality, 4% pa interest [3]
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Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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