Question: Please Help Question 44 5 pts If a $796 increase in autonomous investment causes a $4,848 increase in GDP, what is the MPS? Please round
Please Help





Question 44 5 pts If a $796 increase in autonomous investment causes a $4,848 increase in GDP, what is the MPS? Please round to two decimal places where needed.Question 45 5 pts Potential GDP equals $500 billion. The economy is currently producing GDP equal to $400 billion. If the MPC is 0.68, then autonomous spending must change by $ _______ billion for the economy to move to potential GDP? Please round to two decimal places where needed. Question 46 5 pts Suppose Ford plans to produce 10.4 million trucks this year. The company expects to sell 8.4 million. Suppose that at the end of the year, Ford has sold 7.9 million trucks. What is the level of planned inventories? Please round to the nearest one-decimal and enter as millions. For example, if your answer was 4,500,000 you would enter the number 4.5. Question 47 5 pts An economy sees consumption increase by $2,989 million when disposable income increases by $4,213. Assuming the marginal propensity to consume remains constant, what is the marginal propensity to save? Please round to the closest two decimal places. Question 48 5 pts If the MPC is equal to 0.7, then a $5,100 increase in disposable income will increase savings by what amount? Please round to two decimal places if needed. Question 49 5 pts When disposable income increases from $5,330 to $7,207, consumption increases from $3,054 to $3,849, what is the value of the MPC? Please round to two decimal places if needed. Question 50 5 pts When disposable income increases from $8,155 to $9,813, consumption increases from $5,000 to $5,930, what is the value of the MPS? Please round to two decimal places if needed
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
