FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer 4. Suppose the following information describes a simple economy. Figures are in billion of dollars. Disposable income Consumption Investment 0 200 30 100

image text in transcribed

please answer

image text in transcribed
4. Suppose the following information describes a simple economy. Figures are in billion of dollars. Disposable income Consumption Investment 0 200 30 100 280 30 200 360 30 300 420 30 a) What is the amount of autonomous consumption? (1 mark) b) Calculate the marginal propensity of saving (MPS). (1 mark) c) Compute the value of multiplier. (2 marks)

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

Essentials of Business Driven Information Systems

Essentials of Business Driven Information Systems

Authors: Paige Baltzan, Amy Phillips

1st edition

1260004716, 978-0073376721

More Books

Students also viewed these Economics questions

Question

★★★★★
For each of the following transactions, indicate the effect on the basic accounting equation (Assets = Liabilities + Shareholders Equity): a. Issuance of shares for cash b. Purchase of land for cash...

Answered: 1 week ago

Question

★★★★★
Oracle Corporation started 19X9 with total assets of $5,819 million and total liabilities of $2.861 million. At the end of 19X9, Oracle's total assets stood at $7.260 million. and total liabilities...

Answered: 1 week ago

Question

★★★★★
compare the factors associated with sickness absence and sickness presence;

Answered: 1 week ago

Question

★★★★★
The accounts of Aker Moving Company follow with their normal balances as of August 31, 2016. The accounts are listed in no particular order. Common Stock....... $ 53,300 Insurance Expense....... 600...

Answered: 1 week ago

Question

★★★★★
Question 2 1 0 points You have just won the grand prize in the lottery. It will be paid in 1 5 0 0 0 0 installments for 1 0 years or in one payment. If your interest rate is 5 % , what is the payment...

Answered: 1 week ago

Question

★★★★★
Find the Z transform of the function: f(n)=9 n+3^(-n) sinn

Answered: 1 week ago

Question

★★★★★
What corrections would need to be made to the legal citation Doniphan v. Restler, 489 Conn. Cir. 522 (1983)?

Answered: 1 week ago

Question

★★★★★
Research the "Span of Control" theory of Vytautas Andrius Graiciunas (1898-1952) a Lithuanian-French management consultant, management theorist, and engineer. and answer the following three questions...

Answered: 1 week ago

Question

★★★★★
How should you go about assigning a date to each task? a. Work backward from your project's deadline. b. Projects to be completed in two weeks or less don't usually need dates. c. Only assign dates...

Answered: 1 week ago

Question

★★★★★
A three colour spinner was spun 90 times. The outcomes are summarized in the table below: What is the experimental probability of spinning Red? Colour Frequency Blue 5n Black 30n Red 10n

Answered: 1 week ago

Question

★★★★★
Abdulah is doing a research study on anxiety and eating. He has done the same study for the last 10 years and the results are consistently the same each time. Abdulah's research study and methods...

Answered: 1 week ago

Question

★★★★★
The half-year rule means: Multiple Choice Only depreciation for 6 months is claimed in the year of asset disposal Only depreciation for 6 months is claimed in the year of asset acquisition Only...

Answered: 1 week ago

Question

★★★★★
2. What we can learn from the past

Answered: 1 week ago

Question

★★★★★
17. In a communication context (choose which one), put plus (+) for the areas you find easy to perform and minus (-) for the areas you find difficult to perform. a. to present something to a larger...

Answered: 1 week ago

Question

★★★★★
2. Develop a good and lasting relationship

Answered: 1 week ago

Previous Question Next Question