Real GDP (Y) Consumption expenditure (C) Investment (I) Government expenditure (G) Exports (X) Imports (M) 1.0 2.0 3.0 4.0 5.0 6.0 1.00 1.65 2.30 2.95 3.60 4.25 0.5 0.5 0.5 0.5 0.5 0.5 0.7 0.7 0.7 0.7 0.7 0.7 0.45 0.45 0.45 0.45 0.45 0.45 1.15 0.30 0.45 0.60 0.75 0.90 Using the table above, NOTE When Y = 1.0, M should be 0.15 NOT 1.15. Assume t =0. Answer the following questions: a. Autonomous Expenditure = A0 = C + I + G + X – M b. MPC = MPS = ________________________ c. MPM = _______________________ MP to Spend = z = ___________________________ d. AE Function = ___________________ The Expenditure Multiplier = __________________ e. Equilibrium expenditure is = _______________________
Question
Real GDP (Y) Consumption expenditure (C) Investment (I) Government expenditure (G) Exports (X) Imports (M) 1.0 2.0 3.0 4.0 5.0 6.0 1.00 1.65 2.30 2.95 3.60 4.25 0.5 0.5 0.5 0.5 0.5 0.5 0.7 0.7 0.7 0.7 0.7 0.7 0.45 0.45 0.45 0.45 0.45 0.45 1.15 0.30 0.45 0.60 0.75 0.90 Using the table above, NOTE When Y = 1.0, M should be 0.15 NOT 1.15. Assume t =0. Answer the following questions: a. Autonomous Expenditure = A0 = C + I + G + X – M
b. MPC = MPS = ________________________ c. MPM = _______________________ MP to Spend = z = ___________________________ d. AE Function = ___________________ The Expenditure Multiplier = __________________ e. Equilibrium expenditure is = _______________________
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