Applied Macroeconomics Homework!?
a) Y*=5'000 Y=C+I+G C = 3'000 - 2'000r + 0.10Y I = 1'000 - 4'000r G = 1'000 Y = 3'000 - 2'000r + 0.10Y + 1'000 - 4'000r + 1'000 = 5'000-6'000r+0.1Y 6'000r=5'000-0.9Y r=(5'000-0.9Y)/6'000= (5'000-5'000*0.9)/6'000 =500/6'000=5/60≈ 0.083 = 8.3% b) S=I I = 1'000-4'000*0.083 ≈ 666.7 S = 666.7 Y-C-G=S=I C = 3'000 - 2'000r + 0.10Y = 3'000 - 2'000*0.083 + 0.1*5'000 ≈ 3333.3 c) C = 2'800 - 2'000r + 0.10Y Y = 2'800 - 2'000r + 0.10Y + 1'000 - 4'000r + 1'000 = 4'800-6'000r+0.1Y 6'000r=4'800-0.9Y r=(4'800-0.9Y)/6'000= (4'800-5'000*0.9)/6'000 =300/6'000=1/20=0.05=5% S=I=1'000-4'000*0.05 = 1'000-200 = 800 C = 2'800 - 2'000*0.05 + 0.10*5'000 = 2'800-100+500 = 3'200
Macroeconomics Help Please!!! ASAP!! Thanks!!?
1. Find the nominal GDP for the US in 2002 (dollar figures are in billions). Show work, please!!! Consumption $7304, Gross Private investment $1593 Wages $5977, Government Purchases $1973 Inderect Taxes $695, Net Interest $684 Net Exports $ - 424, Depreciation $1393 Rent $142 , Profit $1545 Net foreign factor income earned in the US $ 10 2. Real GDP in 2002 was $9439.9 Billion: a. What was the GDP deflator? (You have nominal GDP for 2002 from question one). Show Work!!! b. What does the GDP deflator mean?
Macroeconomics Help Please!!! ASAP!! Thanks!!?
Social Security has revenues of $1.8 trillion and expenditures of $1.3 trillion. The nonsocial security budget has revenue of $2.1trillion and expenditures of $2.4 trillion. The official budget will report a _______________(deficit/surplus) of $____________. The national debt will ________________(rise/fall) by $_________________. Answer TRUE or FALSE -International trade benefits both partners, though not necessarlily all citizens. -Most American economists support at leaset relatively open trade. -Over time the terms of trade tend to move against final goods. -International trade typically increases competition and efficiency in an economy. -If a country is better at making all goods than another country there is no room for trade between the two. -In the 1980s government debt grew much faster than GDP. -In the last three years our government has run the largest nominal deficits in our history. -Foreigners own more of the national debt today than 40 years ago. -The great recession results in part from rapidly rising oil prices. -Economists agree that de-regulation lay behind the financial crisis.
I need help on my MacroEconomics homework. It is due this Wednesday 10/19/11. Thanks for the help ! ASAP!!!!!!?
lmao we're in the same class AHAHAH
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Help with Macroeconomics please!!!! Any answers or help will be greatly appreciated!!?
Chapter 14 Pg 487 Q 4.7: Suppose that the federal reserve makes a $10 million discount loan to First National Bank (FNB) by increasing FBN's account at the Fed. A: Use a T-account to the impact of this transaction on FNB's balance sheet. Remember that the funds a bank has on deposit at the Fed count as part of its reserves. A: **Graph sent in separate email! B: Assume that before receiving the discount loan, FNB has no excess reserves. What is the maximum amount of this $10 million that FNB can lend out? A: C: what is the maximum total increase in the money supply that can result from the Fed's discount loan? Assume that the required reserve ratio is 10 percent. A: Q 12A.4: Suppose that autonomous consumption is 500, government purchases are 1,000, planned investment spending is 1,250, net exports are -250, and the MPC is 0.8. What is equilibrium GDP? A:
Can you help me in my Macroeconomic assignment?
The multiplier comes into effect in the first case. Depending upon the size of the spending and the MPC/MPS, economy will grow by that many units. Formula is GDP growth equal to (50 million/1-MPC). You haven't provided MPC so exact increase can't be calculated. From an explanation perspective, when government spends, someone else gets the money and depending on his propensity to consume, he will spend further. Thus the economy grows.When the government spends, we normally assume other sectors will spend more or atleast equal to previous levels in calculating the multiplier effect. Government spending has to come from increased taxation (revenue increase for spending) normally, which often leaves less money with households (since their disposable income becomes less due to greater tax, resulting in less saving and investment). Saving normally equals business investment so investment also goes down. So even if government is spending more than usual, economy might shrink because the comments of G and I go down due to aforementioned causes (GDP formula is G+I+C). This is the crowding effect.Ask anything else you may need. Hope this helps.
What do savings refer to in macroeconomics?
Saving = investment. So the portion of the income that was not consumed or paid in taxes is spent on capital goods. This assumes that most people take their savings to the bank or investment company, which invest the savings on their client's behalf. The only alternative is keeping money under the mattress, and there isn't a whole lot of people who do that.
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