Economics Questions (9,13,14,16)

Question 9

Use the diagram to the right to answer the following. b. What is the value of the MPC? 16.0- c. What is the value of the multiplier? a. The equilibrium value of real GDP is $ trillion. (Round your response to the nearest whole number.) b. The MPC is equal to . (Round your response to two decimal places.) Real aggregate Expenditure, AE (trillions of 2007 dollars) 18.0- a. What is the value of equilibrium real GDP? 14.0- 12.0-11.6 10.0- 10.0 8.4 C. The multiplier is equal to . (Round your response to one decimal place.) 8.0- 6.0- 4.0- 2.0- 0.0- 450 :8 :10 $12 2 4 6 8 10 12 14 16 18 Real GDP, Y (trillions of 2007 dollars) Enter your answer in each of the answer boxes.In a closed economy, the MPC is 0.50. Government spending changes by - 200. The change in equilibrium GDP isThe diagram shows a 450-line (Keynesian cross) diagram. Real aggregate expenditures, AE Use the point tool to select a point on the expenditures line where: inventories are falling. Label this point 'B". Y = AE Carefully follow the instructions above, and only draw the required object. AE A Real GDP, YIn a closed economy, consumers spend $200 regardless of the level of income, and the marginal propensity to consume (MPC) is 0.80. Investment is equal to $250. The government spends $300 and collects $150 in taxes. The equilibrium level of GDP in this economy is $(enter your response rounded to the nearest dollar)