4. Berikan perbezaan antara 'model penggunaan dengan 'model permintaan'. Kemukakan contoh-contoh yang sesuai. Describe the differences between 'consumption model' and 'demand model' and give suitable examples.
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- Exercise D25 What role does government play in stabilizing the economy and what are the tradeoffs that must be considered?4. Explain the difference between backward- bending Engel curve and income-consumption curve.hich theory of consumption best explains the consumption behavior of consumers of our economy? Question No: 02 [Marks: 10] If the State Bank started printing large quantities of Pakistani Rupees (Rs), what would happen to the number of Pakistani Rupees a dollar could buy? Why? Question No: 03 [Marks: 10] Deseribe the difference batuuean foreian diract investmet and foraion nortfolie invastment Who is mora likelu to
- Which of the following are counted in this year’sGDP? Explain your answer in each case.a. Flashy Car Company sold a used car.b. Juanita Jones cooked meals for her family.c. IBM paid interest on its bonds.d. José Suarez purchased 100 shares of Microsoftstock.e. Bob Smith received a welfare payment.f. Carriage Realty earned a brokerage commissionfor selling a previously owned house.g. The government makes interest payments topersons holding government bonds.h. Air and water pollution increase.i. Gambling is legalized in all states.j. A retired worker receives a Social Securitypayment.In the Income-Expenditure model, which of the following are assumed to be given (or exogenous)? a Incomes and expenditures b. None of these c. Prices and incomes d. Expenditures and Prices e. Prices and interest rates For this year. • You earn a before-tax income of $77,000, on which you pay taxes equal to $4,000. • You receive $4,000 in benefits from the government. What is your disposable income this year? Do not enter the $ sign. Round to one decimal place if required. Answer:Early during the COVID-19 pandemic, the government used multiple stimulus packages to increase government spending. 3. Using the Z-Y, NX-Y, IS-LM, UIP combined graph on the next page, what should be happening as a result? Show the shifts on the graph itself. NN Z Z NN Y=Z Z c0- if f UI i pvt L M c1T+I+G+NX i10 y 45° if f if NK N Y Y f 0 Y X Y 0 Y 0 Y 20 NX N X E 0 E Y NX Fiscal stimulus
- QUESTION 21 What is the marginal propensity to consume? a. The ratio of the change in consumption to the change in national income O b. The proportion of national income that goes on consumption O c. The additional spending by a consumer when the price of a good falls O d. The additional revenue received by a firm when it attracts a new customer5. Explain the concept of autonomous consumption.12. Explain in details the model graph in the North West Government North-West economy LRAS SRAS P1 E1 AD Real GDP YE. potential output Y1