Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 23, Problem 4.1P
To determine
Change in inventories, real
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(b)
Assume that a three-sector economy in Country W. The amount of
autonomous consumption is RM300 million with the proportion of an increase
in income that is spent on consumption is 0.5. An induced tax of 20% is
imposed by the country. The amount of investment is RM250 million, and the
amount of government spending is RM150 million.
[Andaikan terdapat sebuah ekonomi tiga-sektor di Negara W. Jumlah penggunaan autonomi
adalah RM300 juta dengan kadar kenaikan pendapatan yang dibelanjakan untuk penggunaan
adalah 0.5. Cukai berkadar yang dikenakan oleh negara adalah 20%. Jumlah pelaburan ialah
RM250 juta, dan jumlah perbelanjaan kerajaan adalah RM150 juta.]
Calculate the national income equilibrium.
[Kirakan keseimbangan pendapatan negara.]
(i)
16) Given that China has a larger GDP than GNP, you will expect that
A) income earned by foreigners residing in China is larger than income earned by China citizens
living abroad.
B) income earned by foreigners residing in China is smaller than income earned by China citizens
living abroad.
C) there are more foreigners residing in China than China citizens living abroad.
D) there are fewer foreigners residing in China than China citizens living abroad.
E) there are more China citizens than foreigners in China.
The requirements of foreign trade and government (Y), total consumption (C) and total savings (S)). The total expenditure (AE) of all people in this country is equal to the total income (Y) at the end of the year. In the mentioned period, the rate or rate of change depending on income is used as 0.1. Find the country's income-related savings (S) function, compared to the year-end total expenditure (AE) 20000 and total consumption 19500 this year.
Chapter 23 Solutions
Principles of Economics (12th Edition)
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