If we observe that every increase in income of $120 million generates an increase in consumption of $80 million, then the simple multiplier is A)2/3. B)3/2. C)2 D)3 E)8
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- 5) Mrs. Gizem has a salary of 10000 TL per month. Assuming that her autonomous (zero-income level) consumption is 600 TL and her MPC is 0.72, find how much she spends in one month and how much she saves? b) If Mrs. Gizem receives a salary rise of 2000 which increases her monthly salary to 12 000 per month; how much increase we may expect in her consumption and her saving?1. Complete the accompanying table with disposable income (DI) and consumption (C) schedules for a private, closed economy. All figures are in billions of dollars. DI Consumption Saving АРС APS MPC MPS 8. 40 40 80 72 120 104 160 136 200 168 240 200 (a) Refer to the above data. If plotted on a graph, the slope of the consumption schedule would be: (b) The break-even level of income is ($ ) where saving equals ( $ :). Households dissave ( $ ). Dissaving occurs at the lowest levels of income as households spend ( more, less ) than they receive in disposable income. This dissaving could occur with households liquidating (selling for cash) their assets or borrowing money. As income rises we see that savings ( increases, decreases ) by a greater and greater amount. (c) If consumption increases by $10 billion at each level of disposable income, the average propensity to consume (APC) will ( change, unchange) and/but the marginal propensity to consume (MPC)will ( change, not change). (d) (APC,…1. Suppose that a rise in income from P60,000 to P70,000 leads to an increase in consumption from P47,000 to P54,000.
- Consider the following table, which shows a household's disposable income and consumption expenditures. All values are expressed in dollars. Compute the marginal and average propensities to consume for each level of income and fill in the table. (Round your responses to two decimal places) Disposable Income (Y) 0 300 600 900 1,200 1,500 Desired Consumption (C) 420 660 900 1,140 1,300 1,620 MPC-ACIAY NA APC = C/Y₂ NA23. Guppse that fra,u)= T4. Find the maximum Value for fif x and y are constrained o sum to 1. Solve thiis problems in two ways : by substitutiou and by using the Logrange Multiplier method. X+y=1. F.y) =ry, 4=1-x. to -> %3D tx =-2x+1.maximum value → frx=o. X=E タニリニー 1-X-4 = 0 エ=f(Y,4)+A (1-g%-4) = x4ナA(1-%-4 ) = y-A, = x-1, of of 1-ベ-4 → 1-2y=0. X=立, %3D =0= y=X =07 X= À %3D #2-4. The dual problem to the one described in problem 2.3 is minimiz2e xty subject to xy =0.25 Solve thi problem using the Lagrangian technique. Then Compare the value You get tor the Logrange Multiplier wrth the value you got in Prolem 2-3. Explain the relatibuship between the two solutibnsQ.3.4 Year (Base year) 2018 2019 2020 2021 Cost of a basket (R) of consumer goods/services Explain, with the aid of an equation, the components of the consumption function. 1850 2190 2380 2560
- u.edu.tr/mod/quiz/attempt.php?attempt=3214468&cmid%3D203021 Refer to the information provided in Figure 23.3 below to answer the question(s) that follow. amadı inden 270 miş 200 işaretle 130 60 450 100 200 300 Aggregate income (Y) Figure 23.3 Refer to Figure 23.3. The equation for the aggregate saving is Lütfen birini secin. O A S= -130 +0,4Y O B. S= 140 +05Y OC S= -80 +0.4Y ODS= -60 +03Y CES 200 +06Y Aggregate consumption (C)Tom is vegetarian and always eat a salad (s) with 2 glasses of green juice (g). His utility for the two goods is therefore 1 u(s, g) = min{s, 79}Fill in the table and derive the consumption and saving functions. Disposable income Consumption Saving 240 -4 260 280 4 300 8. 320 12 340 16 360 20 380 24 400 28 Draw the graphs and find the break even point of disposable income.
- DI (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 56Question 16 (Billions of Dollars) Yd $200 200 350 400 500 Which of the following represents the consumption function consistent with the data in the above table? 150 + 0.8Yd 200 + 0.75Yd 150 + 0.25Yd 200 + 0.2YdIf the multiplier is 4, what is the MPC? O 0.25 O 0.5 O 0.75 1