Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1- Refer to the data above to answer this question. What is the equation for the consumption (C) function?a.C = 200 + 0.6Y.b.C = 200

1- Refer to the data above to answer this question. What is the equation for the consumption (C) function?a.C = 200 + 0.6Y.b.C = 200 + 0.8Y.c.C = 200 + 0.1Y.d.C = 200 - 0.8Y.2- Refer to the data above to answer this question. What is the equation for the saving (S) function?a.C = -200 + 0.8Y.b.C = -200 + Y.c.C = -200 + 0.2Y.d.C = 200 + 0.8Y.3? Refer to the data above to answer this question. What is the equation for the net export (NX) function?a.NX = 400 - 300Y.b.NX = 300 - 50Y.c.NX = 300 - 0.1Y.d.NX = 300 + 0.1Y.4- Refer to the data above to answer this question. What is the value of autonomous aggregate expenditures (AE)?a.200.b.4,000.c.2,500.d.1,200.5- Refer to the data above to answer this question. What is the equation for the aggregate expenditures (AE) function?a.AE = 1,200 + 0.8Yb.AE = 1,200 + 0.7Yc.AE = 1,400 + 0.8Yd.AE = 2,500 + 0.7Y6- Refer to the data above to answer this question. What is the value of expenditures equilibrium?a.2,500.b.1,200.c.3,000.d.4,000.7-Refer to the data above to answer this question. If income (Y) is greater than aggregate expenditure (AE) then unplanned investment will:a.Negative.b.Be equal to planned investment.c.Positive.d.0.8- Refer to the data above to answer this question. When income (Y) is less than 4,000 then unplanned investment will:a.0b.Negativec.Positive.d.Be equal to planned investment.

image text in transcribed
Y C S I G X IM XN AE O 200 -200 200 500 400 100 500 600 -100 200 500 400 150 1,000 1,000 O 200 500 400 200 1, 500 1,400 100 200 500 400 250 2,000 1,800 200 200 500 400 300 2,500 2,200 300 200 500 400 350 3/000 2,600 400 200 500 400 400 3,500 3/000 500 200 500 400 450 4,000 3/400 600 200 500 400 500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Course In Environmental Economics

Authors: Daniel J Phaneuf, Till Requate

1st Edition

1316866815, 9781316866818

More Books

Students also viewed these Economics questions

Question

5. Give some examples of hidden knowledge.

Answered: 1 week ago