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.
Date Submitted: 06/17/2004 14:10:55
Category: / Business & Economy / Economics
Length: 11 pages (3134 words)
Category: / Business & Economy / Economics
Length: 11 pages (3134 words)
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 …
Is this Essay helpful? Join now to read this particular paper
and access over 480,000 just like this GET BETTER GRADES
and access over 480,000 just like this GET BETTER GRADES
…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.
7.What makes the four tigers road 1960 and 1990 "GDP data concerning Ghana, the four tigers and North America" [online]. Available at URL: http://www.soc-canada.com/exes/ch10/ [Accessed 20 October 2003].
8.Pizza Hut 2003 [online]. Available at URL: http://www.pizzahut.com [Accessed 20 October 2003].
Need a custom written paper? Let our professional writers save your time.