Refer to the information provided in table below to answer the questions that follow. Y C S 0 100 180 190 1. Find the consumption, if the consumption function is: C= 120 +0.2Y. 2. Find aggregate saving. 3. Illustrate that by graph from the information provided in table.
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Refer to the information provided in table below to answer the questions that follow.
Y |
C |
S |
0 |
|
|
100 |
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180 |
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190 |
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1. Find the consumption, if the consumption function is: C= 120 +0.2Y.
2. Find aggregate saving.
3. Illustrate that by graph from the information provided in table.
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- Consider an economy described by the following equations:Y=C + I +GY=7,000G=4000T=2,000C=150+0.75(Y-T)I=1,000-50rc. Now suppose the G rises by 1,000. Compute private saving, public saving, andnational saving and show a graphical representation of your answer.Refer to the information provided in table below to answer the questions that follow. Y C S 0 100 180 190 a. Find the consumption, if the consumption function is: C= 120 +0.2Y. b. Find aggregate saving. c. Illustrate that by graph from the information provided in table.Graphically illustrate the aggregate consumption and saving functions. Explain these functions with at least 200 words. You may give examples.
- Question 4 : Refer to the information provided in table below to answer the questions that follow. Y C S 0 100 180 190 a. Find the consumption, if the consumption function is: C= 120 +0.2Y. b. Find aggregate saving. c. Illustrate that by graph from the information provided in table.Moving to another question will save this response. Quèstion 23 Assume the following consumption schedule: C= 20 + 0.9 Y, where C is consumption and Y is disposable income. At $1,100 level of disposable come: (show your calculations) a Find out the level of saving and consumption? ( b. How much are the APC and APS (to one decimal place)? c. If disposable income increased to $2,800 and saving is $345 now. What are MPC and MPS (to two decimal places)? J For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt 三v 三v A v In X, 田 田 田国 ABC 三 三 +, 旺困 田 田 |用Consider an economy described by the following equations:Y=C + I +GY=7,000G=4000T=2,000C=150+0.75(Y-T)I=1,000-50rb. Calculate the equilibrium interest rate. c. Now suppose the G rises by 1,000. Compute private saving, public saving, andnational saving.d. Calculate the new equilibrium interest rate.For these 3 questions please only show the graphical response.
- Linear equations for the consumption and saving schedules take the general form C = a + bY and S = -a + (1 - b)Y, where C, S, and Y are consumption, saving, and national income, respectively. The constant a represents the vertical intercept, and b represents the slope of the consumption schedule.a. Use the following data to substitute numerical values for a and b in the consumption and saving equations. b. What is the economic meaning of b? Of (1 - b)? c. Suppose that the amount of saving that occurs at each level of national income falls by $20 but that the values of b and (1 - b) remain unchanged. Restate the saving and consumption equations for the new numerical values, and cite a factor that might have caused the change.Graphically illustrate the aggregate consumption and saving functions. ExplainDI (1) $0 10 с 20 30 401 50 DI (2) с DI (3) $4 $0 $65 11 80 125 18 160 185 25 240 245 32 320 305 80 74 39 400 365 100 92 (Advanced analysis) Refer to the given consumption schedules. DI signifies disposable income and C represents consumption expenditures. All figures are in billions of dollars. When plotted on a graph, the vertical intercept of the consumption schedule in economy (3) is ______and the slope is O $2; 0.18 O minus $2; 0.9 O $100; 0.5 O $2; 0.9 C $0 20 40 60 $2 20 38 56
- Investment 0.30 rate 0.25 0.20 0.15 0.10 0.05 0.05 0.10 0.15 0.20 0.25 0.30 Saving rate 19) Given the above graph, at the green dot, we can state: a) Saving rate> Investment rate and (X – M)> 0 b) Saving rate 0 d) Saving rate > Investment rate and (X – M) < 0 20) Exponential growth implies that: a) Growth rates can only be positive. b) Growth rates will alternate between positive and negative values every consecutive period. c) Relatively large differences in growth rates will translate into minor differences in the level of GDP per capita many years growth. d) Relatively small differences in growth rates will translate into substantial differences in the level of GDP per capita after many years of growth. 4Suppose GDP in this country is $480 million. National Income Account Value (Millions of dollars) Government Purchases (GG) 150 Taxes minus Transfer Payments (TT) 180 Consumption (CC) 225 Investment (II) 105 Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private SavingPrivate Saving = (YTI, TG, YCT) = = ?million Public SavingPublic Saving = = (CT, TG, YCT, YTI) = = $millionAssume the following consumption schedule: C= 20 + 0.9 Y, where C is consumption and Y is disposable income. At $1,100 level of disposable income: (show your cacuators) a. Find out the level of saving and consumption? b. How much are the APC and APS (to one decimal place)? c. If dispr able income increased to $2,800 and saving is $345 now. What are MPC and MPŚ (to two decimal places)?