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zimovet [89]
3 years ago
13

The Bureau of Economic Analysis reported that, in real terms, overall consumer spending increased by $35.4 billion during Octobe

r 2010.
a. If the marginal propensity to consume is 0.52, by how much will real GDP change in response?
b. If there are no other changes to autonomous spending other than the increase in consumer spending in part a, and unplanned inventory investment, decreased by $50 billion, what is the change in real GDP?
c. GDP at the end of September 2010 was $13,139.5 billion. If GDP were to increase by the amount calculated in part b, what would be the percent increase in GDP?
Business
2 answers:
Alina [70]3 years ago
8 0

Answer:

a. Now we have a conditional tendency to consume, 1/MPS= 1/1-MPC= 1/1-0.52= 2.083 can be determined using this multiplier.

Now therefore, the total increase is 35.4 * 2.083 = approximately 73.7 Billion.

b. Here we can see two opposite forces GDP one reduces it and overall impact is + 35.4-50 = -14.6

Keeping that factor in mind, we see that the overall decrease is  <em>Approximately 30.4118 Billion. </em>

c. Raise Ratio is <em>30.4118 / 13.139.5 = 0.231 per cent</em>

nikdorinn [45]3 years ago
5 0

Answer:

A.$73.75 billions

B. $50 billion

C. 0.18%

Explanation:

a. The real GDP change in response by

(1/(1 −MPC) ×$35.4 billion = (1/(1 −0.52) ×$35.4 billion =$73.75 billion.

b. If in addition to the consumer spending change in part a, unplanned inventory invest-ment decreases by $50 billion, the resulting change in real GDP is

$73.75 billion - $50 billion = $23.75 billion.

c.The percent increase in GDP is

($23.75 billion/$13,139.5 billion) ×100

=0.18%

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The correct answer is a) Esteem.

Explanation:

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Among Maslow's needs are:

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8 0
3 years ago
A country reported nominal GDP of $115 billion in 2010 and $125 billion in 2009. It also reported a GDP deflator of 85 in 2010 a
ICE Princess25 [194]

Answer:

<h2>In this case,the correct answer is option b. or real output rose and price level fell.</h2>

Explanation:

GDP Deflator in Macroeconomics,shows the inflation or deflation rate in a country within the specific time period.Hence,it measures the changes in the average price level of goods and services in any country or economy over a particular period of time.It is mathematically calculated by dividing the nominal GDP of the country or economy by its real GDP.Now,a decrease in the nominal GDP relative to the real GDP or GDP deflator implies an deflationary impact or an increase in the average price level of goods and services in the economy and vise versa.Note that in this case both the nominal GDP and GDP deflator decreased from 2009 to 2010 which advocates that the price level in the economy fell(deflation) and the real output or GDP rose or increased due to deflationary impacts as reflected by the decline in GDP deflator.

5 0
3 years ago
Natural gas is often priced in units of dollars per therm. One therm equals 100,000 BTUs . A certain family uses 600 therms of e
ololo11 [35]

Answer:

-$28.8.

Explanation:

Note, we were told,

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<u>Savings on old furnace:</u>

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Difference: $144 - $172.8 = -$28.8.

7 0
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ziro4ka [17]
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