Between March and May of 2007, Africa's real disposable income increased from 61.3 billion  to 61.9 billion . During that same period, Africa's real consumption increased from 38.9 billion to 39.2 billion. Calculate the MPC for Africa.

The following are the components of aggregate demand EXCEPT,   A) government spending. B) consumption of households. C) investment by firms. D) household saving.

The following graph shows total production (TP) and the level of Natural Real GDP (NRGDP) for a hypothetical economy. When Real GDP is $325 billion, consumption is $275 billion, government purchases are $50 billion, and investment is $25 billion. When Real GDP is $375 billion, consumption is $300 billion, government purchases are $50 billion, and investment is $25 billion. Use the blue line (circle symbol) to plot the economy's total expenditure function within a simplified Keynesian framework. TO TAL EXPENDITURE (Billions of dollars) 500 475 450 425 400 375 350 325 300 TP NRGDP 300 325 350 375 400 425 450 475 500 REAL GDP (Billions of dollars) TE The economy is in equilibrium when Real GDP is At this point, the economy is also in Which of the following did Keynes argue would be needed to move the economy to equilibrium at Natural Real GDP? Check all that apply. ✓ A decrease in consumption ✓ An increase in government purchases A decrease in government purchases ✓ An increase in…

You are an analyst at Heys International Luggage. Your output last year of Carbon-X luggage sets was 100,000 sets, based on estimates that sales would equal 100,000 at an average price of $56.84. Heys International tries to maintain inventory at 10,000 sets. Actual sales of the luggage last year were 105,000. Considering only this result: aggregate expenditure was equal to GDP. aggregate expenditure was less than GDP. aggregate expenditure was greater than GDP. aggregate expenditure is always equal to GDP, so these sales results are irrelevant. 2 of 25 > Яншират ИРИНАРИ

If U.S. government statistics counted education spending as part of the investment, which of the following would rise, which would fall, and which would remain unchanged? You might use rise, fall, and stay unchanged more than once each or you might not. Consumption Investment Gross domestic product

Valeria is a closed economy, where consumption totals $3 billion, tax payments are $300 million, government spending is $1 billion, and GDP is $5 billion. Private saving amounts to

Based on The Aggregate Expenditure Model, what affects the level of consumption (five factors); and what affects the level of investment (four factors)?

MPC in an economy is 0.8. If investment is increased by $5 million, how much would be increas in income.

Discuss which of the following fall into the categories of consumption, investment, government expenditure and net exports from the Y = C + I + G + NX (X – M) identity, and whether the impact is to increase or decrease GDP. Thomas buys a new house

Confused and not sure how to answer