Question 2 (1 point) Listen Given the information in the following table for the economy of Albas: Y 0 100 200 300 400 C 65 130 are the equations for the consumption function and saving function? S 40 75
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- Question 16 (Billions of Dollars) Yd $200 200 350 400 500 Which of the following represents the consumption function consistent with the data in the above table? 150 + 0.8Yd 200 + 0.75Yd 150 + 0.25Yd 200 + 0.2YdProblem 1. Calculate APC, MPC, MPS and APS from the following data: Income (Y) Consumption (C) (8) 1000 900 1200 1060Consumption/Savings 1000 800 600 400 200 0 -200 Select one: 200 400 600 800 1000 1200 1400 1600 S Refer to the graph above to answer this question. What is the equation for the saving function? A. S=200+ 0.4Y. B. S=-200+ 0.6Y. X C. S-200+ 0.8Y. OD. S-200 +0.2Y. OE. S=200 - 0.2Y. Income
- point(s) possible The table has data from the nation of Atlantica. Disposable income (trillions of 2012 dollars) Consumption expenditure (trillions of 2012 dollars) 0.0 1.5 2.0 3.0 4.0 4.5 6.0 6.0 8.0 7.5 Based on these data, when disposable income equals $8.0 trillion, there is O A. saving of $0.5 trillion. B. dissaving of $15.5 trillion. O C. dissaving of $7.5 trillion. O D. saving of $15.5 trillion. O E. dissaving of $0.5 trillion.Problem 2. Complete the following table: Income (Y) Consumption (C) АРС MPS (7) 2,000 1,900 3,000 2,700Given Table 12-6 below, fill in the values for saving. Assume taxes = $800. Table 12-6 National Income $11,400 11,800 12,200 12,600 Consumption $7,500 7,800 8,100 8,400 Use the editor to format your answer Saving
- Q.3.4 Year (Base year) 2018 2019 2020 2021 Cost of a basket (R) of consumer goods/services Explain, with the aid of an equation, the components of the consumption function. 1850 2190 2380 25605. Explain the difference between investment as the term is used by most people and investment as defined by an economist in two paragraphs.1. Complete the accompanying table with disposable income (DI) and consumption (C) schedules for a private, closed economy. All figures are in billions of dollars. DI Consumption Saving АРС APS MPC MPS 8. 40 40 80 72 120 104 160 136 200 168 240 200 (a) Refer to the above data. If plotted on a graph, the slope of the consumption schedule would be: (b) The break-even level of income is ($ ) where saving equals ( $ :). Households dissave ( $ ). Dissaving occurs at the lowest levels of income as households spend ( more, less ) than they receive in disposable income. This dissaving could occur with households liquidating (selling for cash) their assets or borrowing money. As income rises we see that savings ( increases, decreases ) by a greater and greater amount. (c) If consumption increases by $10 billion at each level of disposable income, the average propensity to consume (APC) will ( change, unchange) and/but the marginal propensity to consume (MPC)will ( change, not change). (d) (APC,…
- Calculate Mr William's Income, Existing Investible assets and expenditure from the information above.Aggregate saving (in billions SA 25 0 -100 -200 S 400 800 900 Y Aggregate income (in billions) d) From the graph above, calculate the MPS for the saving function.e the information in the table to answer the folowing qustiona. Al numbers are in bilions of 2012 dolars Govermment Purchases (G) $2.00 $2.500 $2.500 $2.500 $2.500 Pianned investment ( $1.000 Net Exports (NK) Real GOP (Y) Consumption (C) $12.000 $13.000 $14,000 $15.000 $10.000 $9.500 $10.250 $1.000 -$500 -$500 -5500 -$500 -$500 $1.000 $1,000 S11,750 $1.000 $12.500 $1.000 The equibrum level of GOP is S bilion The MPC is (snter your reaponse to two decimal places) Suppose that net exporta increase by $200 blion. Using the multiplier formua, determine the new level of GOP. AS200 bilon increase in net exports leads to a change in spending of S bilion, so the new level of GDP wi be billon
