Discuss 6 questions for Marcoeconomic,such as: real GDP, MPI, MPS, PPP, and so on. Also provied some graphs, tables, and references for the essay.
Title: Discuss 6 questions for Marcoeconomic,such as: real GDP, MPI, MPS, PPP, and so on. Also provied some graphs, tables, and references for the essay.
Category: /Business & Economy/Economics
Details: Words: 3134 | Pages: 11 (approximately 235 words/page)
Discuss 6 questions for Marcoeconomic,such as: real GDP, MPI, MPS, PPP, and so on. Also provied some graphs, tables, and references for the essay.
Category: /Business & Economy/Economics
Details: Words: 3134 | Pages: 11 (approximately 235 words/page)
Question 1
(a)Given the following information, calculate the level of real GDP that results in spending balance in the economy (T is taxes or tax revenue).
C = 100 + 0.7 (Y - T)
I = 100
G = 200
T = 200
X = 50 - 0.1Y
Real GDP = C + I + G + X = Y
= 100 + 0.7 (Y-200) + 100 + 200 + 50 - 0.1Y
Y= 310 - 0.6Y
0.6Y = 310
Y= 775
1) What is the MPC in this example? What is the MPS? What is the MPI? How does the MPI affect the slope of the …showed first 75 words of 3134 total…
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…showed last 75 words of 3134 total…in 2001, Macroeconomics: a student's guide to theory and concepts, Studymates, Taunton.
5.Jackson, McIver 2001, Macroeconomics, 6th edn. McGraw-Hill, Sydney.
6.Peter E. Kennedy 2000, Macroeconomic Essentials: understanding economics in the news, 2nd edn. MIT Press, Cambridge Mass.
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