Assume an economy has a consumption function of C = 0.87 (Yd) + $270.18. Additionally, this economy has investment spending= $878.78, government purchases $299.38, taxes = $111.59, exports $209.28, and imports = $289.40. What is the equilibrium level of GDP based on this information? Round your answer to two digits after the decimal. =

This question has four parts. (its not a writing assignment, just asking for a numerical value or simple answer) 1.1. What is the US GDP for the first quarter and second quarter of 2020?  What is the personal consumption expenditures for the first quarter and second quarter of 2020?   Go to the website for the Bureau of Economic Analyses (BEA):  https://www.bea.gov/   Section 1: Domestic Product and Income; Table 1.1.5   1.2. Use the information in Table 1 to analyze aggregate expenditures (AE) model below (Figure 1. Equilibrium in a Private Closed Economy).  (table 1 and figure 1 are in the attachments)   1.3.  Identify the mistake and explain why the graph of the aggregate expenditures line does not correctly illustrate the economy's equilibrium.   1.4. Create a graph for the aggregate expenditures (AE) model using the data from Table 1: A Private Closed Economy.   Tips: Remember, the 45degree line (also known as the Keynesian Cross) is a tool that shows how differences in aggregate…

The following expenditure equation is utilised to measure the economy:  GDP = C + I + G + (X-M) Analyse each of the situations below and state which expenditures (or parts of the expenditures) would be counted under which of the four segments of the GDP expenditure equation, ie C, I, G or (X-M). a.       The purchase of Australian made furniture by a business for use in its cafe. b.       The purchase of foreign made furniture by a business for use in its café. c.       The purchase of wood by a business to manufacture furniture which will then be sold to Australian and foreign customers. d.       The purchase of 100 shares in ANZ Bank through a stockbroker. e.       Purchase of a 10-year-old foreign-made second-hand car from a Car Sales business in Parramatta, NSW. f.        A pension paid by the Australian Government to an old age pensioner. g.       You babysit for your nieces and nephews so your sister and her husband can go out for dinner.

Paul, a US citizen, buys $500 worth of illegal drugs while on vacation in Amsterdam. Upon his return, he sells the illegal drugs to unsuspecting Americans for $5,000. Upon discovering this, Matt reports Paul to the FBI, which spends $10,000 to put Paul behind bars for sale of an illegal substance. What is the increase in US GDP resulting from these transactions? Group of answer choices $10,000 $15,000 $15,500 $10,500