Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have this question and I need it solved. Any hewlp wpoould be appreciated. Thank You. Income Consumption Saving Investment Government Net Export Aggregate (Yd)

I have this question and I need it solved. Any hewlp wpoould be appreciated. Thank You.

image text in transcribed
Income Consumption Saving Investment Government Net Export Aggregate (Yd) Expenditure (S) Expenditure Expenditure Expenditure Expenditure (C) {I} (G) (NX) (HE) 58000 $12,800 $1.000 $3500 35 -500 10,000 'l 4,000 1,000 3.5 00 75 00 14.000 16.400 1,000 3.500 -500 20.000 20.000 1 r000 3,5 00 -5 00 30.000 26.000 1 .000 3,5 00 -5 00 50,000 38,000 1,000 3.5 00 -5 00 From the above given information calculate savings. MPC, MP5. Multiplier, and the equilibrium level of income (Y = AE = C + I + G + NX]. Draw a graph showing disposable income {Yd} on the horizontal axis and aggregate expenditures (AE) on the vertical axis with a 45 degree line. Graph AE (AE = C + I + G + NX} curve on this graph. Indicate break even level of income {V=C] and equilibrium level ofincome (AE=Yd}. You can draw the graph by hand. label axis and the curves clearly, and upload it

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

Capitalist Political Economy Thinkers And Theories

Authors: Heather Whiteside

1st Edition

0429888031, 9780429888038

More Books

Students also viewed these Economics questions

Question

prepare an income statement

Answered: 1 week ago

Question

What is the use of bootstrap program?

Answered: 1 week ago

Question

2. Find five metaphors for communication.

Answered: 1 week ago