Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Section 9-2 analyses the consumption function, and Box 9-1 shows that the consumption function holds in practice for the United States. In this exercise you will derive a consumption function for Australia.
a. Go to the Penn World Tables ( https://pwt.econ.upenn.edu ). Click on "Penn World Table" and then "Data Download." Download Australian data for: ? Real Gross Domestic Income (RGDPL adjusted for Terms of Trade changes). ? Consumption Share of Real GDP per capita (RGDPL) and Real GDP per capita (Constant Prices: Chain series). (Note: To get total consumption per capita, you will need to multiply consumption share of real GDP by real GDP.)
b. Create a scatterplot that has Real Gross Domestic Income per capita on the X axis and Total Consumption per capita on the Y axis. c? Visually, on average by how much would an increase of AU$10 billion in income affect consumption? Using your answer, compute the marginal propensity to consume for Australia.
c. If you have taken a statistics class, use EXCEL or a statistical program in order to run the following regression:
What is the implied slope? What does it mean? Is it statistically significant?
suppose the economy is in equilibrium and the equilibrium real GDP is 1500 billions. Suppose further that the MCP is 0,8 if the government wants to increase the real GDP to 2000 billions , by how much should the government increase /decrease.
what must the Bank of Canada have set the money supply at (b) Taking that level of the money supply as fixed, suppose nowthat people expect the Bank of Canada to raise the money supply by11% over the next year, what will be the new price level tod..
The joint probability distribution on the returns of two securities X and Y is demonstrate in the table below.
A local general motors car dealer is offering special financing on its new hybrid cars. The cost of car is $20,000 and the car loan is only 3% for three years paid monthly as follows: money of the car=$20,000 3 years interest3%=$1800 36 monthly pay..
Is the ATC sloping up or down at the current equilibrium? [Hint: is the MC above or below the ATC at the chosen output?]
identify all of the transistor capacitances and determine which ones are in parallel and which ones are grounded on both ends.
For what levels of output does your firm have economies of scale? Is this a case for natural monopoly Why (b) Now assume you are a monopolist, and the demand for your product is P=2000-5Q. What price will you charge How much deadweight loss will ..
Perry is a freshman, he estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $30000 this year. He expects these costs to rise about $1500 each year while he is in college.
After analysis of the business, the manager has determined that weekly demand can be approximated by Q = 25,000 - 1000P. The firm's cost function is C = 25,000 + 13Q + .002Q2, where Q is output per week. Determine the profit maximizing price and ou..
Write paragraphs on needs and wants of ancient communities and how they exchanged their goods:Your answer must include the ff aspects
How many units will the consumer buy in total?
Calculate fixed and variable costs of cleaning 0, 3, 8, and 12 rooms and the average total cost and marginal cost at 3, 8, and 13 rooms and enter them in the table (You can cut and paste the table Quantity of output None 3/ 3rd rooms 8/8th rooms 1..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd