chosen1
Sidekick
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I'm really lost...
In an economy with no exports or imports, autonomous consumption is $1Trillion, the marginal propensity to consume is 0.8, investment is $5 Trillion, and Government expenditure is $4Trillion. Taxes are $4trilion and do not vary with real GDP.
A. Calculate disposable income when real GDP is $30 trillion
B. Calculate consumptioin expenditure when real GDP is $30 trillion
C. Calcualte aggregate planned expenditure when real GDP is 30 trillion
D. Calculate equilibrium expenditure.
Theres more but if I can get help w/ these I can do the rest.
In an economy with no exports or imports, autonomous consumption is $1Trillion, the marginal propensity to consume is 0.8, investment is $5 Trillion, and Government expenditure is $4Trillion. Taxes are $4trilion and do not vary with real GDP.
A. Calculate disposable income when real GDP is $30 trillion
B. Calculate consumptioin expenditure when real GDP is $30 trillion
C. Calcualte aggregate planned expenditure when real GDP is 30 trillion
D. Calculate equilibrium expenditure.
Theres more but if I can get help w/ these I can do the rest.