Ch.3: The Goods Market 1. GNP, GDP, NI and Trade Balance relations 2. Investment and saving, how do they affect each other? Show using national income accounting relations. 3. Consumption and saving plans, and determinants of consumption function. Show graphically and functionally. 4. Keynesian Cross and Equilibrium in the Goods Market. Z=Y. Show graphically and functionally. 5. The multiplier (definition and functional solution). 6. Fiscal policy in the Income-Expenditure Model. What is government expenditure and tax multiplier? Compare and contrast. 7. Paradox of thrift.

briefly answer it