C= 1000+ 0.8(Y-T), 1 = 500, G=800, T = 500. Suppose that government spending FALLS by 200. What is the change in equilibrium GDP? (Round your answer to the nearest whole number, and do not use commas in your answer.)
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- C-1000+ 0.8(Y-T), 1 - 500, G-800, T = 500. Suppose that taxes INCREASE by 200. What is the change in equilibrium GDP? (Round your answer to the nearest whole number, and do not use commas in your answer.)This question has four parts. (its not a writing assignment, just asking for a numerical value or simple answer) 1.1. What is the US GDP for the first quarter and second quarter of 2020? What is the personal consumption expenditures for the first quarter and second quarter of 2020? Go to the website for the Bureau of Economic Analyses (BEA): https://www.bea.gov/ Section 1: Domestic Product and Income; Table 1.1.5 1.2. Use the information in Table 1 to analyze aggregate expenditures (AE) model below (Figure 1. Equilibrium in a Private Closed Economy). (table 1 and figure 1 are in the attachments) 1.3. Identify the mistake and explain why the graph of the aggregate expenditures line does not correctly illustrate the economy's equilibrium. 1.4. Create a graph for the aggregate expenditures (AE) model using the data from Table 1: A Private Closed Economy. Tips: Remember, the 45degree line (also known as the Keynesian Cross) is a tool that shows how differences in aggregate…The Government of Bangladesh plans to administer 280 million doses of COVID-19 vaccine in the coming two years. Most of these vaccines will be imported from India, and other countries. Suppose, the cost of importing each dose of this vaccine is taka 10. What do you think the effect of this massive vaccine procurement have on Bangladesh's GDP? GDP will increase by taka 2,800 million (2.8 billion) GDP will increase by more than taka 2,800 million GDP will not change, or change minimally GDP will fall by taka 2,800 million O O
- Use the following information to complete the calculations. C = 15235 + 0.67Y I = 8777 G = 3425 NX = -551 What is the value of autonomous expenditure (AE)? Round your answer to the nearest dollar. AE: $ Calculate the equilibrium level of GDP. Round your answer to the nearest dollar. GDP: $“If taxes and government spending are increased by the same amount, there will be no effect on equilibrium GDP.” True or false? Explain and support your answer using a specific hypothetical example.In its Budget presentation the Government proposes a lump sum tax increase of $80million. On the other hand, the Government decides to increase spending by $60 million. The MPC for this nation is estimated at 90 percent (0.9). What will be the impact on GDP and by how much?
- Potential GDP| ' 45° C+1+(X-IM) 4,800 B 3,200 3,000 4,000 5,000 2. Use the graph above to answer the following questions: a. Calculate the MPC: b. What is the equilibrium value of GDP?_ Real Expenditure (billions of dollars per year)Savings and wealth - Although the United States is one of the richest nations in the world, it is also one of the world's largest debtor nation. We often hear that the problem is our low savings rate. Suppose policy makers attempt to rectify this be encouraging greater savings in the economy. What could they do to make you save more? Would raising minimum wage help? What effects would their successful attempts have on GDP? Is this a good or bad idea? What can you do to increase your savings rate? Also, how is wealth related to savings?Year GDP Disposable Income Consumption Imports 2036 $1050 $840 $830 $111 What is the marginal propensity to import? 2037 $1000 $800 $800 $100 Round to two decimal places. If your answer is 0.064 (i.e., 6.4%) enter .06. If your answer is 0.065 (i.e., 6.5%) enter .07. Do not forget to enter the negative sign, if appropriate.
- Assume an economy has a consumption function of C = 0.60 (Yd) + $856.02. Additionally, this economy has investment spending = $421.91, government purchases = $224.77, taxes = $192.45, exports = $193.13, and imports = $249.19. What is the equilibrium level of GDP based on this information? Round your answer to two digits after the decimal.Suppose the data BELOW is for a given year from the annual Economic Report of the President. Calculate GDP using the expenditure approach (Amount in billions of dollars): Corporate profits: $ 305Depreciation: $ 479Gross private domestic investment: $716Personal taxes: $ 565Personal saving: $120Government spending: 924Imports: $ 547Exports: $ 427Personal consumption expenditures: $ 2,966Indirect business taxes: $ 370Contributions for Social Security (FICA): $ 394Transfer payments and other income: $ 967You have the following information. Calculate equilibrium GDP and enter your number in the box below. C = 200 + 0.75YD | = 800 G = 600 The government has a balanced budget.