4. Berikan perbezaan antara 'model penggunaan dengan 'model permintaan'. Kemukakan contoh-contoh yang sesuai. Describe the differences between 'consumption model' and 'demand model' and give suitable examples.
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- Exercise D25 What role does government play in stabilizing the economy and what are the tradeoffs that must be considered?hich theory of consumption best explains the consumption behavior of consumers of our economy? Question No: 02 [Marks: 10] If the State Bank started printing large quantities of Pakistani Rupees (Rs), what would happen to the number of Pakistani Rupees a dollar could buy? Why? Question No: 03 [Marks: 10] Deseribe the difference batuuean foreian diract investmet and foraion nortfolie invastment Who is mora likelu to4. Explain the difference between backward- bending Engel curve and income-consumption curve.
- Which of the following are counted in this year’sGDP? Explain your answer in each case.a. Flashy Car Company sold a used car.b. Juanita Jones cooked meals for her family.c. IBM paid interest on its bonds.d. José Suarez purchased 100 shares of Microsoftstock.e. Bob Smith received a welfare payment.f. Carriage Realty earned a brokerage commissionfor selling a previously owned house.g. The government makes interest payments topersons holding government bonds.h. Air and water pollution increase.i. Gambling is legalized in all states.j. A retired worker receives a Social Securitypayment.In the Income-Expenditure model, which of the following are assumed to be given (or exogenous)? a Incomes and expenditures b. None of these c. Prices and incomes d. Expenditures and Prices e. Prices and interest rates For this year. • You earn a before-tax income of $77,000, on which you pay taxes equal to $4,000. • You receive $4,000 in benefits from the government. What is your disposable income this year? Do not enter the $ sign. Round to one decimal place if required. Answer:Early during the COVID-19 pandemic, the government used multiple stimulus packages to increase government spending. 3. Using the Z-Y, NX-Y, IS-LM, UIP combined graph on the next page, what should be happening as a result? Show the shifts on the graph itself. NN Z Z NN Y=Z Z c0- if f UI i pvt L M c1T+I+G+NX i10 y 45° if f if NK N Y Y f 0 Y X Y 0 Y 0 Y 20 NX N X E 0 E Y NX Fiscal stimulus
- QUESTION 21 What is the marginal propensity to consume? a. The ratio of the change in consumption to the change in national income O b. The proportion of national income that goes on consumption O c. The additional spending by a consumer when the price of a good falls O d. The additional revenue received by a firm when it attracts a new customer5. Explain the concept of autonomous consumption.12. Explain in details the model graph in the North West Government North-West economy LRAS SRAS P1 E1 AD Real GDP YE. potential output Y1