Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 2 1 points SaveAnswer . Planted spemrg 1011 --o-- AE=GDP . Planned Spending 2012 Planned Aurelate Spending tn trillions of USD 0 1 2

image text in transcribed
image text in transcribed
QUESTION 2 1 points SaveAnswer . Planted spemrg 1011 --o-- AE=GDP . Planned Spending 2012 Planned Aurelate Spending tn trillions of USD 0 1 2 3 4 5 6 7 B 9 10 11 Real GDP in trillions of USD The following graphs depicts the evolution in aggregate spending between 2021 and 2022 for a given economy. It can be concluded that: O autonomous spending increased in 2022 compared to 2021 O in 2022 autonomous spending increased by the same amount as GDP 0 autonomous spending decreased in 2022 compared to 2021 O in 2022 autonomous spending decreased by the same amount as GDP QUESTION 3 1 points SaveAnswer Based on the graph from the previous question; at a real GDP of 7 trillion, it can be concluded that: O for 2021, there will be positive unplanned spending or increases in inventories O for 2022, there will be negative unplanned spending or decreases in inventories 0 there will be no equilibrium between aggregate planned spending and GDP tor 2021 or for 2022 0 All of the above QUESTION 4 2 points Save Answer Last quarter. there was a sudden decrease in autonomous spending of $1.5 billion in South Africa due to the Omicron variant. Calculate by how many USD billions GDP will change due to this decrease in autonomous spending it the marginal propensity to consume is estimated to be 0.6 in South Africa. (Note: if the change is negative include the negative sign. Please enter the number in billions of dollars. For example. it it were - 4.5 billion of dollars I would enter -4.5)

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

Understanding The Law

Authors: Donald L Carper, John A McKinsey, Bill W West

5th Edition

0324375123, 9780324375121

More Books

Students also viewed these Economics questions

Question

What is the rule of 78s?

Answered: 1 week ago

Question

2. To store it and

Answered: 1 week ago