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Keynesian Worksheet. Complete the table and answer the following questions. All values in Billions of U.S. dollars GDPTAX PIC NEAE 1.-400G=1000X=500(10% of SI G X

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Keynesian Worksheet. Complete the table and answer the following questions. All values in Billions of U.S. dollars GDPTAX PIC NEAE 1.-400G=1000X=500(10% of SI G X M (NI) (rate 20%) (Ca-400 MPC=0.8) GDP) JO 1000 2000 3000 4000 5000 6000 Questions: I. Suppose the level of GDP happens to be 1000, what is the amount of : 1. Tax? A. 20 B. 100 C. 200 D. 1000 2. Disposable income? A. 800 B. 640 C. 100 D. 1000 3. Consumption? A. 640 B. 800 C. 1000 D. 1040 4. Household saving? A. 200 B.-240 C.- 400 D. 0 5. Investment? A. O B. 800 C. -200 D. 400 6. Government spending? A. 900 B. 500 C. 700 D. 1000 FO non

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