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Equation for consumption is C=40/(0.8Y) where Y= yearly income = $400.
The marginal propensity to consume is _______?
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- Equation for consumption is C=40/(0.8Y) where Y= yearly income = $400. A) what is the level of consumption B) what is the average propensity to consumeYou are an economic advisor to the government. Discuss your opinion . a) How COVID-19 pandemic will affect the consumption behavior as well as the investment done by the firms and household for the next two years? b) What are the actions or policies that the government can implement to face this situation? please answers with analysis and --graph (if possible)Find change in consumption if MPC is 0.92 and the change in income is $2200
- Aina receives a tax refund of P800. He spends P600 and saves P200. Aina's marginal propensity to consume is: a. 0.6 b. 0.75 c. 0.25 d. 0.20Assume that a nation's marginal propensity to consume (MPC) is 0.75. A highiy productive, cost-cutting technology is developed for the production of commercial airplanes. The total industry expenditure in this nation is $100 million for the immediate acquisition and adoption of this technology. (a) For this nation, identify and explain how much this spending on new technology will change each of the following in the first round: i. Income (GDP) L. Saving i. Consumption (b) Assuming a closed economy and no leakages, identify and explain how much this spending on new technology will change each of the following at the end of the final round: i. Income (GDP) ii. Saving li. ConsumptionLet C 40+ 0.8y and I = 10. The value of the marginal propensity to consume is OA. 40. OB. 0.4. OC. 0.8. OD. 8.
- Find the value of MPC when multiplier is stated as 0.97Please also find the MPS to the question with the MPC of 0.50 And find the MPC to the question with the MPS of 0.4Consider an economy that is characterized by the following equations: C= 400 + 0.5 Yd I = 700 - 4000i + 0.1y G= 200 T= 200 (M/P)d - = 0.75Y - 7500€ (MP)== 600 What is the equilibrium consumption (C)?
- assume you are given a $100 raise, and decide to save $20 of that money. also assume that if you make zero income in a year, you will still spend $7000. a.) what is your consumption function? b.) if you earn $20000 in a year how much will you spend? c.) will you be able to save while earning the above income?Suppose that you are a PIH consumer. You expect to live for another 24 years. You expect to work for another 19 years. You just learned that you will receive a permanent raise at your job of $1700. Answer the following: (a) How much extra do you consume this year? (b) What is your marginal propensity to consume out of this income change?Using this Intertemporal Budget Constraint how can you solve for C2 (consumption in period 2)