Use the following data to calculate GDP, GNP, NNP, national income, personal income, and personal disposable income.
Answer to relevant QuestionsImagine a three-firm, three-stages-of-production economy that produces one final good: a desk. Calculate the value added at each stage of production. Why would a change in asset or money holdings shift the consumption curve? Calculate the level of autonomous investment, I, for each level of national income. The chapter emphasizes that two different groups of people in the economy operate simultaneously and independently of each other. Who are these groups, and why is it important to emphasize that they operate in this way? Fill in the missing cells for C, S, and I in the following table, given that autonomous consumption = $100, MPC = 0.50, and intended investment = $150. Indicate whether the economy is in equilibrium.
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