ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Consider the following NIPA data for 1Q2021 (First Quarter 20210 $ billlion) Investment: Non Residential $2,948.3 Exports $2,305.3 PCE Goods $5,183.5 Investment: Residential $1,043.7 Government Expendiures Federal $1,557.0 PCE Services $9,857.7 Imports $3,152.3 Governemnt Expenditures : State and local Goernent Expenditures $2,395.9 Change in private inventories -$90.1 2a. Compute the weights of each of PCE, GPDI, NX and GOV) in GDP 2b. Consider the following rates of change (%) for each of the above items. % change PCE 10.70% GPDI -5.00% NX -6.80% GOV 6.30%arrow_forwardUse the following table to answer the next question. All figures in the table are in billions. C + I $525 560 RGDP $500 550 600 650 700 750 $600 billion. $700 billion. $650 billion. 595 630 665 700 $550 billion. Exports $15 15 15 5555 The equilibrium level of real GDP in this private open economy is Multiple Choice 15 15 15 Imports $10 10 10 10 10 10arrow_forwardPlease explain how a rise in the household saving rate can cause a fall in GDP?arrow_forward
- The technology matrix for an economy based on agriculture A and manufacturing Mis: M or alternatively A t 1 0.6 0.2 A- M- M 0.3 0.6 A→ Find the output for each sector that is needed to satisfy a final demand of $44 million for agriculture and $30 million for manufacturing, using the alternative technology matrix GILD M 1 The alternative technology matrix is Use the alternative technology matrix to find the output for the agricultural sector that is needed. milions of dollars Use the alternative technology matrix to find the output for the manufacturing sector that is needed. millions of dollars Using the original technology matrix, 236 millions of dollars of output from the agricultural sector satisfied the final demand. Using the original technology matrix 252 millions of dollars of output from the manufacturing sector satisfied the final demand. Discuss any differences in your calculations and in your answers. O Different ways of looking at an economy should give afferent answers and…arrow_forwarda) Complete the following table, assuming MPC is constant Consumption 60 220 National Income 0 200 400 600 800 700 Saving 260arrow_forwardBased on the chart in question 8.06, if investment rises from $120 to $130 and the price level is fixed. By how much will the equilibrium real GDP increase?arrow_forward
- if Government Spending (G) is $200 million, Tax Revenue (T) is $260 millio Consumption is $300 million, and GDP P(Y) is 780 millionPrivate saving isarrow_forwardAssuming there is no government or foreign sector, [1 / 1- MPC] represents a. the consumption function.b. the saving function.c. the multiplier.d. break even incomearrow_forward
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