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Determining the household consumption

Assignment Help Business Economics
Reference no: EM132639793

1) Given the below:

GDP at market value is RM1,200 mil
Government Spending is RM500 mil
Investment is RM100 mil
Export is RM200 mil
Import is RM300 mil

How much is household consumption?

2) Given consumption function is C = 20+ 0.5Yd where Yd is disposable income, tax, T = 10 , domestic investment, I = 20, government spending, G = 10 and net export, X - M = -20
What is the equilibrium national income?

3) If tax = 10 + 0.5Y and government spending is 50, how much the equilibrium income (Y) has to be for the government to have a balanced budget?

4) Gross Domestic Product is given as RM1,000 mil. Factor income from abroad is RM200 mil and factor income paid to abroad is RM300 mil.
How much is the Gross National Income?

5) Given that the Gross Domestic Product (GDP) at market value is RM1,500 mil, the factor income from abroad is RM200 mil, the factor income paid to abroad is RM100 mil, Indirect tax is RM20 mil and subsidy is RM30 mil, how much is the GDP at factor cost?

6) If the real Gross Domestic Product (GDP) in 2015 and 2016 are RM20 mil and RM30mil respectively, while the nominal GDP in 2015 and 2016 are RM40 mil and RM60 mil respectively, what is the GDP deflator?

7) When the economy is in balance the total expenditure of all sectors equals to?

8) Given that the spending multiplier is 2.5, an increase of RM10 mil in government spending, how much equilibrium income will increase?

9) Which of the below will NOT shift Aggregate Demand (AD) curve?

increase in household purchasing power due to reduction in price

increase in population

a reduction in interest rate

increase in government spending

Reference no: EM132639793

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