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Could you please help me with the last question, but instead of AD/AS, use Keynesian AD/AS The following table presents national income statistics for selected
Could you please help me with the last question, but instead of AD/AS, use Keynesian AD/AS
The following table presents national income statistics for selected variables related to a certain country for 2012 and is expressed in millions of dollars. National Income Statistics 5 (million) Govemment spending on goods and services 3300 Wages and salaries 6900 Investment spending 1020 Consumer spending 6520 Direct taxation 4150 Exports 2295 Prots of companies 5475 Imports 2450 1.Calculate the gross domestic product (GDP) for this country in 2012. [2] rudy source was downloaded by 1000008436912.\" from ComseHero.com on 09-20-2022 05:23:13 GMT 05:00 fwwxcursehero.coma"ler'?09029SEJADASandthemuitiplienvorksheetdocxf GDP: C+|+G+M-X GDP=3300+5475+6520+1020+2295-2450 GDP: 16 160 000 000 $ 2.The population of the country is 420 000. Calculate per capita GDP. [2] 16 160 000 000.1420 000: $38 476.20 3.In this country. for each additional $1 of income earned. 4 cents ($0.04) is saved. 15 cents {$0.15) is taken as tax and 6 cents {$0.06) is spent on imported goods and services. Calculate the value of the multiplier. [2] 100-15-4-6=75 Ill-0.75: 4 4. The government of the country intends to increase government spending in order to increase GDP by $950 million. Using your answer above. calculate the increase in government spending needed to bring about the desired change in GDP. [2] 950M = $237.5 million 5. Sketch an ADIAS diagram to show the impact of the multiplier. [3]Step by Step Solution
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