Question 1 (1 point) Suppose a closed economy has an intended investment of 200 and an aggregate consumption function given by C 250 0 75Yd Suppose also that the government spends 150 but collects no taxes What is equilibrium output and income (round your answer to the nearest whole value) Your Answer Answer Question 2 (1 point) Suppose a closed economy has an aggregate consumption function given by C 200 0 50Yd and generates $2300 output and income in equilibrium Suppose also that the government collects a lump sum tax of 150 How much will the private sector be saving total in equilibrium (round your answer to the nearest whole value) Your Answer Answer Question 3 (1 point) Suppose a closed economy generates $2400 output and income in equilibrium Suppose also that the government spends 300 and imposes a lump sum tax of 200 By how much is the government in deficit (round your answer to the nearest whole value) Your Answer l Answer Question 4 (1 point) Suppose a closed economy has an aggregate consumption function given by C 100 0 75Yd and generates $2600 output and income in equilibrium Suppose also that the government spends 500 and imposes a lumpsum tax of 50 What is the level of intended investment (round your answer to the nearest whole value) Your Answer l Answer Question 5 (1 point) Suppose a closed economy has an aggregate savings equal to 300 and intended investment equal to 550 By how much must the government be in surplus (round your answer to the nearest whole value) Your Answer Answer Question 6 (1 point) Suppose a closed economy with no government spending or taxing initially Suppose also that intended investment is equal to 150 and the aggregate consumption function is given by C 300 0 75Y And suppose that, if at full employment, the economy would produce an output and income of 3600 By how much would the government need to raise spending (G) to bring the economy to full employment (round your answer to the nearest whole value) Your Answer Question 7 (1 point) Suppose a closed economy with no government spending which in equilibrium is producing an output and income of 2000 Suppose also that the marginal propensity to consume is 0 75, and that, if at full employment, the economy would produce an output and income of 3800 By how much would the government need to cut taxes (T) to bring the economy to full employment (round your answer to the nearest whole value) Your Answer

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Question 1 (1 point) Suppose a closed economy has an intended investment of 200 and an aggregate consumption function given by C   250   0 75Yd  Suppose also that the government spends 150 but collects no taxes  What is equilibrium output and income  (round your answer to the nearest whole value) Your Answer     Answer Question 2 (1 point) Suppose a closed economy has an aggregate consumption function given by C   200   0 50Yd and generates $2300 output and income in equilibrium  Suppose also that the government collects a lump sum tax of 150  How much will the private sector be saving total in equilibrium  (round your answer to the nearest whole value) Your Answer     Answer Question 3 (1 point) Suppose a closed economy generates $2400 output and income in equilibrium  Suppose also that the government spends 300 and imposes a lump sum tax of 200  By how much is the government in deficit  (round your answer to the nearest whole value) Your Answer   l Answer Question 4 (1 point) Suppose a closed economy has an aggregate consumption function given by C   100   0 75Yd and generates $2600 output and income in equilibrium  Suppose also that the government spends 500 and imposes a lumpsum tax of 50  What is the level of intended investment  (round your answer to the nearest whole value) Your Answer   l Answer Question 5 (1 point) Suppose a closed economy has an aggregate savings equal to 300 and intended investment equal to 550  By how much must the government be in surplus  (round your answer to the nearest whole value) Your Answer  Answer Question 6 (1 point) Suppose a closed economy with no government spending or taxing initially  Suppose also that intended investment is equal to 150 and the aggregate consumption function is given by C   300   0 75Y  And suppose that, if at full employment, the economy would produce an output and income of 3600 By how much would the government need to raise spending (G) to bring the economy to full employment  (round your answer to the nearest whole value) Your Answer  Question 7 (1 point) Suppose a closed economy with no government spending which in equilibrium is producing an output and income of 2000  Suppose also that the marginal propensity to consume is 0 75, and that, if at full employment, the economy would produce an output and income of 3800 By how much would the government need to cut taxes (T) to bring the economy to full employment  (round your answer to the nearest whole value) Your Answer

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Question 1 (1 point) Suppose a closed economy has an intended investment of 200 and an aggregate consumption function given by C = 250 +

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