If investment crashes to $0.55 million but nothing else changes, what is equilibrium expenditure and what is
Question:
The table shows real GDP, Y, the components of planned expenditure, and aggregate planned expenditure (in millions of dollars) in an economy in which taxes are constant.
Transcribed Image Text:
Planned expenditure AE 2.0 1.75 1.0 1.25 6.0 1.75 1.0 1.25 0.4 6.8 4.4 1.0 1.25 0.8 7.6 1.25 5.6 1.75 1.2 8.4 1.0 6.8 1.75 1.6 9.2 1.75 1.25 10 8.0 1.0 10.0 12 9.2 1.75 1.0 1.25 2.4
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (20 reviews)
Equilibrium expenditure becomes 8 million because whe...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Calculate the marginal propensity to consume and the marginal propensity to import. What is equilibrium expenditure? The table shows real GDP, Y, the components of planned expenditure, and aggregate...
-
If real GDP is $30 trillion, calculate disposable income, consumption expenditure, and aggregate planned expenditure. What is equilibrium expenditure? In an economy with no exports and no imports,...
-
Assuming nothing else changes, what happens to the value of an option as time passes and the expiration date gets closer?
-
Suppose the United States imposes a tariff on imported sugar. What are the consequences of this on consumers, domestic and foreign producers, and land use?
-
Distinguish between socialized and personalized charismatic leaders types.
-
You have been hired as a consultant to Kulpa Fishing Supplies (KFS), a company that is seeking to increase its value. The company's CEO and founder, Mia Kulpa, has asked you to estimate the value of...
-
Cathode plc has 2 divisions. The managing director has told the divisional managers that a bonus will be paid to the more profitable division. However, absolute profit as conventionally computed will...
-
The following table represents a plan for a project: a. Construct the appropriate network diagram. b. Indicate the critical path. c. What is the expected completion time for the project? d. You can...
-
Suppose that a person is taking a walk along a long straight path and walks at a constant rate of 8 miles per hour. a. On the graph below, sketch a labeled graph of the velocity function v(t) = 8...
-
Julio and Milania are owners of Falcons Corporation, an S corporation. They each own 50 percent of Falcons Corporation. In year 1, Julio and Milani received distributions of $20,000 and $10,000,...
-
Find the value of Q, R, S, T, U, and V. The table shows real GDP, Y, the components of planned expenditure, and aggregate planned expenditure (in millions of dollars) in an economy in which taxes are...
-
Explain the process by which an increase in durable goods orders at a constant price level changes equilibrium expenditure and real GDP. U.S. durable goods orders rebound strongly, the Commerce...
-
In tort law the burden of proof is _______________ _______________ _______________.
-
Choose a non-U.S. country other than Japan and research how that country has recently engaged in expansionary monetary policy. What country did you research? What mechanisms did the nation use? In...
-
Rosemary has employment income of 109,000 for the tax year 2021/22 (PAYE 31,100). She also receives building society interest of 5,250 and dividends of 5,000 in the tax year. She makes a net gift aid...
-
What are some other areas of your own personal spending that you could afford to reduce in favor of having additional savings? Discuss how analyzing opportunity costs can help you determine areas of...
-
The following data were taken from the accounting records of Li Company at December 31, Year 2. All adjustments have been recorded. Service revenue $182,500 Retained earnings 100,500 Accounts...
-
Assume you have been appointed to develop ethnic and multicultural marketing for a small chain of household appliance stores in large metropolitan area. There are several large concentrations of...
-
George Young Industries (GYI) acquired industrial robots at the beginning of 2018 and added them to the companys assembly process. During 2021, management became aware that the $1 million cost of the...
-
For the following exercises, rewrite the sum as a product of two functions or the product as a sum of two functions. Give your answer in terms of sines and cosines. Then evaluate the final answer...
-
The metro areas with the lowest and highest unemployment In June 2019, Ames, Iowa, had one of the lowest unemployment in the United States at 2.3 percent of the workforce. At the other end of the...
-
The metro areas with the lowest and highest unemployment In June 2019, Ames, Iowa, had one of the lowest unemployment in the United States at 2.3 percent of the workforce. At the other end of the...
-
US jobless rate at lowest since 1969 The U.S. unemployment rate fell from 3.8 percent to 3.6 percent in April, its lowest level for more than 49 years. The economy added jobs in construction and...
-
Algunas acciones a desarrollar en las entregas certificadas son: Puede seleccionar ms de una opcin. Grupo de opciones de respuesta Reducir manipulacin excesiva Despacho Transporte Comunicaciones de...
-
PRACTICE EXERCISE 161. Record the following payment transactions for Letzelter Co. of Saint John,NB, during the month of November. Set up a Cash Payments Journal(page CP6) with these headings: Date,...
-
The CECL model:Multiple ChoiceConsiders historical experience but not forecasts of the future.Recognizes bad debts when it is probable that an economic sacrifice has occurred.Allows a company to use...
Study smarter with the SolutionInn App