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Mr. Weiss

Mr. Weiss. Macro Unit 3 Math Work. Bartlettland has the following values for income and consumption. Use this data to answer the following questions:. 1. The government spending multiplier in Bartlettland is:. Mr. Weiss. Macro Unit 3 Math Work.

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Mr. Weiss

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  1. Mr. Weiss Macro Unit 3 Math Work Bartlettland has the following values for income and consumption. Use this data to answer the following questions: 1. The government spending multiplier in Bartlettland is:

  2. Mr. Weiss Macro Unit 3 Math Work Bartlettland has the following values for income and consumption. Use this data to answer the following questions: 1. The government spending multiplier in Bartlettland is: MPC = 100/200 = .5 MPS = 100/200 = .5 1/(1-.5) = 1/.5 = 2 1/.5 = 2

  3. Mr. Weiss Macro Unit 3 Math Work Bartlettland has the following values for income and consumption. Use this data to answer the following questions: 2. If there is an increase in taxes of $700 in Bartlettland the decrease in GDP will be:

  4. Mr. Weiss Macro Unit 3 Math Work Bartlettland has the following values for income and consumption. Use this data to answer the following questions: 2. If there is an increase in taxes of $700 in Bartlettland the decrease in GDP will be: -.5/(1-.5) = -.5/.5 = -1 700 x -1 = -$700

  5. Mr. Weiss Macro Unit 3 Math Work Bartlettland has the following values for income and consumption. Use this data to answer the following questions: 3. If there is an increase in investment spending of $300 and an increase in taxes of $200, the change in the GDP will be:

  6. Mr. Weiss Macro Unit 3 Math Work Bartlettland has the following values for income and consumption. Use this data to answer the following questions: 3. If there is an increase in investment spending of $300 and an increase in taxes of $200, the change in the GDP will be: 300 x 2 = 600 200 x -1 = -200 400

  7. Mr. Weiss Macro Unit 3 Math Work Bartlettland has the following values for income and consumption. Use this data to answer the following questions: 4. If there is an increase in government spending of $1000, the increase in GDP will be:

  8. Mr. Weiss Macro Unit 3 Math Work Bartlettland has the following values for income and consumption. Use this data to answer the following questions: 4. If there is an increase in government spending of $1000, the increase in GDP will be: $1000 x 2 - $2000

  9. Mr. Weiss Macro Unit 3 Math Work 5. If Bartlett Hawk’s income goes up from $ 700 to $ 850, and his/her level of consumption expenditures goes up from $ 550 to $ 650, you may conclude that her/his marginal propensity to consume is:

  10. Mr. Weiss Macro Unit 3 Math Work 5. If Bartlett Hawk’s income goes up from $ 700 to $ 850, and his/her level of consumption expenditures goes up from $ 550 to $ 650, you may conclude that her/his marginal propensity to consume is: MPC = 100/150 = .67 MPS = 50/150 = .33

  11. Mr. Weiss Macro Unit 3 Math Work 6. In the Keynesian Aggregate Expenditure model, if the MPC is .9 and gross investment increases by $ 9 billion, equilibrium GDP will increase by:

  12. Mr. Weiss Macro Unit 3 Math Work 6. In the Keynesian Aggregate Expenditure model, if the MPC is .9 and gross investment increases by $ 9 billion, equilibrium GDP will increase by: MPCMPS 1/(1-.9) = 1/.1 = 10 1/.1) = 10 9 billion x 10 = 90 billion

  13. Mr. Weiss Macro Unit 3 Math Work 7. In the Keynesian Aggregate Expenditure model, if the MPC is .80 and taxes are reduced by $ 25 billion, equilibrium GDP will increase by:

  14. Mr. Weiss Macro Unit 3 Math Work 7. In the Keynesian Aggregate Expenditure model, if the MPC is .80 and taxes are reduced by $ 25 billion, equilibrium GDP will increase by: MPCMPS -.80/(1-.80) - .80/.20 = - 4 (4) -.80/.20 = - 4 (4) 4 x 25 billion = $100 billion

  15. Mr. Weiss Macro Unit 3 Math Work 8. In the Keynesian Aggregate Expenditure model, if the MPS is .10 and the government increases spending by $ 500 billion, equilibrium GDP will increase by:

  16. Mr. Weiss Macro Unit 3 Math Work 8. In the Keynesian Aggregate Expenditure model, if the MPS is .10 and the government increases spending by $ 500 billion, equilibrium GDP will increase by: MPC MPS 1/(1-.9) 1/.1 = 10 1/.1 = 10 $ 500 billion x 10 = $ 5 trillion

  17. Mr. Weiss Macro Unit 3 Math Work 9. Using the data in this table, what is the APC and APS at $ 7,000?

  18. Mr. Weiss Macro Unit 3 Math Work 9. Using the data in this table, what is the APC and APS at $ 7,000? APC = 6300/7000 = .90 APS = 700/7000 = .10

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