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Macroeconomics
5. If a country’s labor is paid a total of $6 billion, its capital is paid a total of $2 billion, and
profits are zero, what is the level of output? ( Hint: See equation 2.)
profits are zero, what is the level of output? ( Hint: See equation 2.)
Macroeconomics
2. disposable personal income must imply an increase in consumption or an
increase in saving.
c. An increase in both consumption and saving must imply an increase in disposable
income.
[ For both parts b and c assume there are no interest payments by households or transfer pay-
ments to foreigners.
increase in saving.
c. An increase in both consumption and saving must imply an increase in disposable
income.
[ For both parts b and c assume there are no interest payments by households or transfer pay-
ments to foreigners.
Macroeconomics
Here we investigate a particular example of the model studied in Sections 10-2 and 10-3 with no government. Suppose the consumption function is given by C 5 100 1 .8 Y , whereas investment is given by I 5 50.
a. What is the equilibrium level of income in this case?
b. What is the level of saving in equilibrium?
c. If, for some reason, output is at the level of 800, what will the level of involuntary inventory accumulation be?
d. If I rises to 100 (we discuss what determines I in later chapters), what will the effect be on the equilibrium income? e. What is the value of the multiplier, a, here?
f. Draw a diagram indicating the equilibria in both parts a and d
Macroeconomics
We call the model of income determination developed in this chapter a Keynesian one. What makes it Keynesian, as opposed to classical?
Macroeconomics
What is the full-employment budget surplus, and why might it be a more useful measure than the actual, or unadjusted, budget surplus? The text provides other names for this measure, such as cyclically adjusted surplus and structural surplus. Why might we prefer to use these other terms?
Macroeconomics
given a short run cost function as tc =1/3q^3-2q^2+60q+100 then find
A. what is the minimum value of avc & mc
B. Function or expression of TVC, AVC, AFC, ATC and MC
A. what is the minimum value of avc & mc
B. Function or expression of TVC, AVC, AFC, ATC and MC
Macroeconomics
Given a short run cost function as T C =1 /Q 3 (3 is under subscript ) - 2Q 2(2 is under subscript ) +60Q+100 , find the minimum value of AVC and MC
Macroeconomics
Suppose that consumer want to spend his all income in goods A and B and the goods are woarthless without one another and the price for both is 3
1. How many units of A and B consumer can buy.
2.if price of A is increase to 6 how many units of A and B can buy.
3.what types of consumption does two types of goods represent
1. How many units of A and B consumer can buy.
2.if price of A is increase to 6 how many units of A and B can buy.
3.what types of consumption does two types of goods represent
Macroeconomics
Suppose seller decreas price by 10% then hiw total revene will affect when ed =1.5 or ed=0.5 or ed=1
Macroeconomics
How qb=1646.78 it is 1592
