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Keynesian Worksheet. Complete the table and answer the following questions. All values in Billions of U.S. dollars NEAE la-400 G=1000x-500 (10% of GDP) GDP
Keynesian Worksheet. Complete the table and answer the following questions. All values in Billions of U.S. dollars NEAE la-400 G=1000x-500 (10% of GDP) GDP TAX DIc SI M (Ca-400 (NI) (rate 20%) MPC-0.8) 1000 2000 3000 4000 5000 6000 Questions: I. Suppose the level of GDP happens to be 1000, what is the amount of : 1. Tax? 200 . 20 . 100 . D. 1000 2. Disposable income? 100 . 800 . 640 . D. 1000 . 640 . 800 3. Consumption? 1000 C. D. 1040 4. Household saving? . 200 . -240 .- 400 D. 0 5. Investment? . B. 800 . -200 D. 400 6. Government spending? . 900 . 500 . - 700 D. 1000 000
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Essentials of Economics
Authors: Bradley Schiller, Karen Gebhardt
10th edition
125923570X, 978-1259235702
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