1- Refer to Table 1.1.5 here (page 5). https://apps.bea.gov/national/pdf/SNTables.pdf(Links to an external site.) Find the change in...
Question:
1- Refer to Table 1.1.5 here (page 5).
https://apps.bea.gov/national/pdf/SNTables.pdf(Links to an external site.)
Find the change in Y and change in C from Q2 2019 to Q2 2020 in Billions of Dollars?What is the MPC implied by these numbers?
Change in Y from Q2 2019 to Q2 2020 (Billions of Dollars with 1 decimal):
Change in C from Q2 2019 to Q2 2020 (Billions of Dollars with 1 decimal):
MPC (3 decimals):
2- Refer to Table 1.1.5 here (page 5).
https://apps.bea.gov/national/pdf/SNTables.pdf
(Links to an external site.)
Find the change in Y and change in C from Q2 2019 to Q2 2020 and then find MPC. Based on that, derive the consumption multiplier.
The consumption multiplier is:
3- Refer to Table 1.1.5 here (page 5).
https://apps.bea.gov/national/pdf/SNTables.pdf
(Links to an external site.)
Find the change in Y and change in C from Q2 2019 to Q2 2020 and then find MPC. Based on that, derive the tax multiplier.
The tax multiplier is: