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Consider the data presented in the table: Consumption Unplanned Investment Actual Aggregate (C) Planned Government Net Exports points Expenditure or Output (billions of Investment Spending
Consider the data presented in the table: Consumption Unplanned Investment Actual Aggregate (C) Planned Government Net Exports points Expenditure or Output (billions of Investment Spending (G) (NX) (billions (inventory change) (Y) (billions of $) $ ) (billions of $) (billions of $) of $) (billions of $) 00:52.35 419 218 126 120 40 510 278 619 330 710 390 eBook 810 450 References Instructions: In parts a-c. enter your answers as a whole number. In parts d-e, round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Based on the assumptions of the aggregate expenditure model. fill in the columns for planned investment, goverment spending, and net exports. a. For each level of actual aggregate expenditure. calculate unplanned inventory investment. b. The equilibrium level of aggregate expenditure in this economy is: $_ billion. G At the equilibrium level of aggregate expenditure, which of the following are true? G Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s). click the option twice to empty the box. + 2 Production is maximized. ? Firms have no incentive to change the level of output. ? Unplanned investment is zero. Actual aggregate output equals the sum of spending in all sectors. c. Suppose that planned investment increases by $40 billion. The new equilibrium level of aggregate expenditure in this economy is: $ billion. d. The marginal propensity to consume in this economy is: e. The expenditure multiplier in this economy is:Consider the data presented in the table: Unplanned Actual Aggregate Planned Government Net Exports Investment points Expenditure or Consumption Investment Spending (6) (inventory Output (Y) (C) (billions (billions of (billions of (billions of change) Future Output & 00-5143 billions of $) of $) $) $) $) (billions of $) Tendency 438 238 BET 86 Increase 530 Increase 638 378 Same -Back 738 448 Decrease 518 Decrease Referemeza Instructions: In part s, round your answer to two decimal places. In ports c and d, enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. 3. The marginal propensity to consume for households in this economy is: 07 b. Based on the assumptions of our aggregate expenditure model, fill in the columns for planned investment, government spending, and net exports. What type of expenditure is this called? Autonomous expenditure G O Equilibrium expenditure O Income-dependent expenditure O Dependent expenditure G c. For each level of actual aggregate expenditure. calculate unplanned inventory investment. Enter your answers in the above table. + d. The equilibrium level of aggregate expenditure in this economy is: $ |450 billion. At the equilibrium level of aggregate expenditure, which of the following are true? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s). click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Unplanned Investment Is zero. Firms have no Incentive to change the level of their output. Unplanned Investment Is positive. Consumption Is maximized. e. Using the table above, for each level of actual aggregate expenditure, label the future output tendency as "increase," "decrease," or "some" based on what you expect to happen to future output
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