Question: Fill in the missing values in the table below. Assume that the value of the MPC does not change as real GDP changes. Also assume

Fill in the missing values in the table below. Assume that the value of the MPC does not change as real GDP changes. Also assume that the values represent billions of 2012 dollars.

Real GDP (Y) $19,000 20,000 21,000 22,000 23,000 Consumption (C) $15,600 16,400 Planned Invest- ment (1)

a. What is the value of the MPC?

b. What is the value of equilibrium real GDP?

Real GDP (Y) $19,000 20,000 21,000 22,000 23,000 Consumption (C) $15,600 16,400 Planned Invest- ment (1) $2,000 2,000 2,000 2,000 2,000 Government Purchases (G) $2,200 2,200 2,200 2,200 2,200 Net Exports (NX) - $400 -400 -400 -400 -400 Planned Aggregate Expenditure (AE) Unplanned Change in Inventories

Step by Step Solution

★★★★★

3.31 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To find the missing values in the table we can use the formula for the Planned Aggregate Expenditure ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Microeconomics Questions!

Set up the surface integral for the Divergence Theorem, using a parametrization with the form r= (a sin u cos v, a sin u sin v, a cos u) for the surface if needed. Select the correct choice below and...

Fill in the blank cells in the table below. Assume that the value of the MPC does not change as real GDP changes. Also assume that the values represent billions of 2009 dollars. a. What is the value...

Taylor's bookkeeper records three items: $5,000 of unearned revenue being earned $1,000 cash collected from earnings recorded in the prior period $3,000 cash collected in advance of services. What is...

Exercises Ch 19 Work individually and solve the exercises below for the next class. 1) Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP...

Work individually and solve the exercises below for the next class. 1) Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes. a. What...

3. See the table below. Planned Planned Government Net Unplanned Real GDP Consumption Exports Aggregate Investment Purchases Change in (Y) (C) (1) (G) (NX) Expenditures Inventories AE] $7,000 $6,200...

previously i have got inapproperiot answer so don't use chatgpt give solution in good manner 3. See the table below. Real GDP Consumption Planned Government Net Planned Unplanned (Y) (C) Investment...

3. See the table below. Planned Real GDP (Y) Consumption Government Planned Net Unplanned (c) Investment Purchases Aggregate Exports Change in (1) Expenditures (G) (NX) Inventories (AE) $7,000 $6,200...

4. Fill in the missing values in the following table. Assume that the value of the MPC does not change as real GDP changes. a. What is the value of the MPC? b. What is the value of equilibrium real...

Is it possible to alloy copper with nickel to achieve a minimum tensile strength of 375MPa (54,400psi) and yet maintain an electrical conductivity of 2.5 x 106 (ohm-m)-1? If not, why? If so, what...

Calculate the total revenue for the month of February 2019, given the following transactions.1Credit sales of $200 000 made in February; 50 per cent to be collected in February.2Cash sales of $190...

Investor Preferences & Market Trends Investor preferences for active vs . passive ETFs: Retall vs . institutional investors. Fund flow analysis: Are investors moving more towards active or passive...

For one week collect all the coupons you find in newspapers, magazines, mail, and so on. What percentage are for products or services or brands that you would really buy? Typically, how many coupons...

For this question, use the following table: What is most likely happening in the economy that would result in the data shown in the table? Consider the possibility that these data are the result of...

Fill in the missing values in the following table of data collected in the household survey for February 2017: Working-Age Population Employment ..........................152,528,000 Unemployment...

The unemployment rate declined from 4.5 percent in March 2017 to 4.4 percent in April. The labor force participation rate also declined from March to April, from 63.0 percent to 62.9 percent. If the...

_______9. Under SFAC 8, the ability, through consensus among measurers, to ensure that information represents what it purports to represent is an example of the concept of A. Relevance. B....

Q1. \begin{tabular}{|r|c|c|c|} \hline t (months) & 2 & 4 & 6 \\ \hline R(t)($$millions) & 20.3 & 24.2 & 19.7 \\ \hline \end{tabular}

Consider a project which requires an initial investment of $50,000 and has a horizon of 5 years. At the end of the project, there is no salvage value. During the lifetime of the project, annual...