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Year disposable incomeconsumer spending ( millions of dollars) ( millions of dollars)
2009 $100 $180
2010 350 380
2011 300 340
2012 400 420
2013 375 400
2014 500 500
1. From 2009 to 2014, Eastlandia experienced large fluctuations in both aggregate consumer spending and disposable income, but wealth, the interest rate, and expected future disposable income did not change. The accompanying table shows the level of aggregate consumer spending and disposable income in millions of dollars for each of these years. Use this information to answer the following questions.
a) What is the marginal propensity to consume? What is the marginal propensity to save?
b) What is the aggregate consumption function?
c) Plot the aggregate consumption function for Eastlandia.
d) Find the aggregate savings function and plot it
Percent of Drug Y Remaining (3p). For the experimental conditions of the degradation study, calculate the percent of drug
assume prices are flexible and that factors of production are fully employed in both economies. Assume there is perfect capital mobility for the small open economy.
If this year's profit (end of year 1) is expected to be $6,000 and the profit trend continues (i.e. the profit at the end of year 2 is $7,200 and so on) for four years, find the present worth of the profit at an interest rate of 9% per year.
If Tarzan also Jane are each nation willing to give-up on hour of patrol for 2 pounds of fruit, is the current allocation of Cheetah's time Pareto efficient.
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1. change in quantity of hybrids divided by change in in price of gas 0.25 and change in quantity of suvs divided
Below is a partial table of the OECD's 2004 ranking of member countries based on their GDP per capita. Compute the ratio of GNI to GDP in each case.
In the context of the regression you suggested for given Problem, explain why the regression error for a given individual might be serially correlated.
Differentiate between a mixed economy and a market economy as far as economics is concerned.
How were GDP, inflation, and unemployment affected during the recession, and how does the model show this? How did the recession affect U.S. trade relations and the U.S. dollar exchange rate?
Identify three macroeconomic variables in the United States that impact the supply and/or demand of the product or service produced by the company you selected for your microeconomic/macroeconomic analysis papers.
ECON11026 Assessment - Take Home Paper- Case Study. What is fiscal policy? Comment on the role of fiscal policy in a modern economy. Illustrate and explain how fiscal policy may be used to remove a deflationary gap
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