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In a simple economy (assume there are no taxes; thus, Y is disposable income), the consumption function is:
C = 500 + 0.75Y.
The current level of real GDP is $6000
At this level of real GDP, consumption will be $___, and savings will be $___. If GDP were to increase by $1000, consumption would increase by $___. (round your responses to the nearest dollar.)
At a real GDP levelof $6000 the average propensity to consume is ___, and the average propensity to save is ___.
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Prepare a memo to the managing director that explains the different vehicles available that can be used for each of the following:
pricefeedernbsp quantity demandednbsp quantity supplied300 nbsp nbsp nbsp nbsp nbsp nbsp nbsp 500 nbsp nbsp nbsp nbsp
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Consider two individuals considering how many iced coffee drinks to buy during the coming week.For each person determine how many drinks will be bought during the week.
question 1according to the solow growth model how would each of the following developments affect output per worker and
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