1. (LO 4) The economy of Irinika has the following parameters: Autonomous exports = $400 million...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. (LO 4) The economy of Irinika has the following parameters: Autonomous exports = $400 million Autonomous imports = $100 million MPM = 0.25 %3! a) What is the balance of trade at an income of $800? b) What is the balance of trade at an income of $20007 c) At what income level is there a zero balance of trade? 2. (LO1) Use the information in Table 6.9 to answer ques- tions about the economy of Watis. a) Complete the table assuming that the MPC is constant. b) What are the values of the MPC and MPS? MPC: MPS:. c) What are the equations for the consumption function and the saving function? C = S= TABLE 6.9 Y S 40 50 70 100 150 20 200 40 3. (LO1) Figure 6.12 shows the saving function for an economy. a) Complete Table 6.10. b) Add the consumption function to Figure 6.12. 1. (LO 4) The economy of Irinika has the following parameters: Autonomous exports = $400 million Autonomous imports = $100 million MPM = 0.25 %3! a) What is the balance of trade at an income of $800? b) What is the balance of trade at an income of $20007 c) At what income level is there a zero balance of trade? 2. (LO1) Use the information in Table 6.9 to answer ques- tions about the economy of Watis. a) Complete the table assuming that the MPC is constant. b) What are the values of the MPC and MPS? MPC: MPS:. c) What are the equations for the consumption function and the saving function? C = S= TABLE 6.9 Y S 40 50 70 100 150 20 200 40 3. (LO1) Figure 6.12 shows the saving function for an economy. a) Complete Table 6.10. b) Add the consumption function to Figure 6.12.
Expert Answer:
Answer rating: 100% (QA)
A Balance of trade at an income of 800 BOT Exports Imports 400100025y 40010002... View the full answer
Related Book For
Posted Date:
Students also viewed these economics questions
-
Use the information in Table 2.5 to predict the standard reaction enthalpy of2 H2 (g) + 02(g) 2 H2O (1) at 100C from its value at 25C.
-
Use the information in Table 18.2 on page 602 to calculate the total federal income tax paid, the marginal tax rate, and the average tax rate for people with the following incomes. (For simplicity,...
-
Use the information in Table 15.5. a. What is the price of a bond that pays one barrel of oil 2 years from now? b. What annual cash payment would the bond have to make in order to sell for $20.90?...
-
A cost function is a mathematical expression of how cost drivers affect a particular cost. However, an intuitive understanding of cost functions is just as important as being able to write the...
-
Grape Corporation has placed a term loan request with its lender and submitted the following balance sheet entries for the year just concluded and the pro forma balance sheet expected by the end of...
-
What is the purpose of a confirmation e-mail message or memo? What other names could the message be given?
-
Use a table to identify the sample space of the experiment in which we roll both dice and note the two letters that are showing. We are considering two special 6 -sided dice. Each face is labeled...
-
Mountain Manufacturing is considering the following capital investment proposals. Mountains requirement criteria include a maximum payback period of five years and a required rate of return of 12.5%....
-
arth "Effects of Bottle Closure Type on Consumer Perception of Wine Quality"+ reported that in a sample of 106 wine consumers, 22 thought that screw tops were an acceptable substitute for natural...
-
How long (max) will it take for the output of a 74ALS00 to go HIGH after its input goes LOW?
-
You are the Group Financial Reporter at Port Louis Ltd, an investment holding company, which has investments in shares in St. Croix Ltd, and St. Martin Ltd. You are given the following draft...
-
In what way or ways would the physical universe be different if protons were negatively charged and electrons were positively charged?
-
All factory overhead costs are estimated based on the level of direct labor hours used. Total monthly fixed costs are expected to be $800,000, variable costs per direct labor hour are expected to be...
-
A price-weighted index consists of four stocks. They are: Stock W, 1 million shares outstanding, priced at $200 per share Stock X, 15 million shares outstanding, priced at $25 per share Stock Y, 50...
-
Gate Industries manufactures a standard model and a deluxe model of skateboard. The company, which uses a activity-based costing, applies overhead $20,000 of its overhead based on number of setups...
-
Consider the pressure - volume diagram shown with the following values: p 1 = 2 . 4 atm p 2 = 5 . 9 atm IN 1 = 2 . 4 L IN 2 = 8 . 6 L During the process labeled A B , 2 4 0 0 J of heat is added to...
-
On January 1, a firm has a balance of $400 in the supplies account. During the year, the firm purchases $1,000 of supplies and records: Dr. Supplies Expense Cr. Cash 1,000 1,000 At year-end, the firm...
-
Halley's comet travels in an ellipti- cal orbit with a = 17.95 and b = 4.44 and passes by Earth roughly every 76 years. Note that each unit represents one astronomical unit, or 93 million miles. The...
-
For some proteins, the isoelectric point must be obtained by extrapolation because the macromolecule might not be stable over a very wide pH range. Estimate the pH of the isoelectric point from the...
-
The barometric formula relates the pressure of a gas of molar mass Mat an altitude h to its pressure Po at sea level. Derive this relation by showing that the change in pressure dp for an...
-
In an experimental study of a bimolecular reaction in aqueous solution, the second-order rate constant was measured at 25C and at a variety of ionic strengths and the results is tabulated below. It...
-
The systematic risk of a security is also called its a. b. c. d. perceived risk unique or asset-specific risk market risk fundamental risk
-
A company announces that its earnings have decreased 50 percent from the previous year, but analysts only expected a 25 percent decrease. What is the likely effect on the stock price? a. the stock...
-
The unsystematic risk of a security is also called its a. b. c. d. perceived risk unique or asset-specific risk market risk fundamental risk
Study smarter with the SolutionInn App