General Motors produces a pick-up truck in a factory in Ontario. As of December 31, 2018, the truck was 60% complete on the assembly line. On January 31, 2019 the truck was finished and sold to the City of Hamilton for $80,000. Which of the following statements is correct? OA) 2018 investment spending rises by 482,000; 2019 consumption rises by $80,000 and investment spending is unchanged. B) 2018 investment spending rises by $48,000; 2019 government spending rises by $80,000 and investment spending falls by $48,000. C) 2018 investment spending rises by $48,000; 2019 government spending rises by $80,000 and investment spending is unchanged. D) 2018 investment spending rises by $32,000; 2019 government spending ricor by $80.000 and investment spending falls by $32,000.

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Consider the following results: Ĉ=-297.13 + 80.57lnY; (t% D1,2,..., 12) %3D %3D EG = 1,440, and (EY; - EC)= 860 where C= consumption expenditure ($) in period t, and Y;= disposable income in period t. Based on the results given above, find the values for the following. 1. Income elasticity (i.e., elasticity of consumption expenditure with respect to disposable income). Give a specific numerical answer and clearly indicate how you have found it. 2. Marginal propensity to consume (MPC), i.e., the slope of the underlying consumption function. Give a specific numerical answer and show clearly how you have deriyed it.

If a $1000 increase in disposable income causes consumer spending to rise by $700, what is the marginal propensity to consume (MPC)? 0.60 0.50 0.85 O 0.70

On December 31, 2021, Annie bought a fitness center with exercise equipment and a building worth $400,000. During 2022, she bought some new equipment for $200,000. At the end of 2022, her equipment and building were valued at $590,000. What was Annie's gross investment during 2022? Thanks! !@$

We write the change in total revenue with respect to change in price as dTR/dP. What is the correct expression in the right side of the following equation? dTR/dP= A.) Q(1-n) B.) Q(1+n) C.) Q[1-(1/n)] D.) Q[1+(1/n)]

(1)The following macroeconomic model describes the economy of Sunderland. 1. Y= C +I + G + NX 2. C = 220 + 0.63 Y 3. 1 = 1000- 2000R 4. G = Go 5. NX = 525-0.10Y-50OR 6. M (0.1583Y-1000R)P (a)ls it a fair characterization to refer to equation #2 as a "simple" consumption function? Explain. (b)Derive the expression for equilibrium real output, Y, for this economy. Note: In your final expression for Y, restrict coefficient values to three decimal points. (c) Suppose government spending is 1200 , money supply by the Central Bank is 900 and the price level is 1, find the value of GDP (Y) and equilibrium interest rate (R) for Sunderland. Income Identity Consumption function Investment function Government Expenditure Net export function Money market equilibrium (2)The questions in this section are related to the macroeconomic model of Sunderland. (a)The expression you are asked to derive in question #1b can be considered an aggregate demand curve. Do you agree? Explain your answer. (b)Sketch…

In an economy national income increases by $900 billion as a result of increase in the invesment by $180 billion what would be the MPC

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