Question: Consider the data presented in the table: Consumption Actual Aggregate (C) Planned Government Net Exports Unplanned Investment Expenditure or Output (billions Investment Spending (G) (NX)

 Consider the data presented in the table: Consumption Actual Aggregate (C)

Planned Government Net Exports Unplanned Investment Expenditure or Output (billions Investment Spending

Consider the data presented in the table: Consumption Actual Aggregate (C) Planned Government Net Exports Unplanned Investment Expenditure or Output (billions Investment Spending (G) (NX) (billions (inventory change) (Y) (billions of $) of $) (billions of $) (billions of $ of $ (billions of $) 440 240 120 90 90 -100 540 290 120 90 90 -50 640 340 120 90 90 O 740 390 120 90 90 50 340 140 20 90 90 100 Instructions: In parts a-c, enter your answers as a whole number. In parts d-e, round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Based on the assumptions of the aggregate expenditure model, fill in the columns for planned investment, government spending, and net exports a. For each level of actual aggregate expenditure, calculate unplanned inventory investment. b. The equilibrium level of aggregate expenditure in this economy is: $ 640 billion. At the equilibrium level of aggregate expenditure, which of the following are true? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Firms have no incentive to change the level of output. Unplanned investment is zero. Production is maximized. Actual aggregate output equals the sum of spending in all sectors. c. Suppose that planned investment increases by $50 billion. The new equilibrium level of aggregate expenditure in this economy is: $ 840 billion. d. The marginal propensity to consume in this economy is: 0.5 e. The expenditure multiplier in this economy is

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