Question
Suppose Ford plans to produce 9.4 million trucks this year. The company expects to sell 8.5 million. Suppose that at the end of the year,
Suppose Ford plans to produce 9.4 million trucks this year. The company expects to sell 8.5 million. Suppose that at the end of the year, Ford has sold 8.5 million trucks. What is the level of planned inventories?
Potential GDP equals $500 billion. The economy is currently producing GDP equal to $400 billion. If the MPC is 0.66, then autonomous spending must change by $_______ billion for the economy to move to potential GDP?
If a $521 increase in autonomous investment causes a $3,373 increase in GDP, what is the MPS?
If MPC in an economy is 0.58 and government spending increases by 1,657, what will overall GDP increase by?
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