Suppose Rob, an avid golfer, spent a total of $3000 on green fees for the 100 rounds of golf he played in 2018 and a total of $2800 on green fees for the 100 rounds of golf he played (on the same courses) in 2019. Rob's nominal consumption of golf in 2019 was _____ his nominal consumption level in 2018 and his real consumption of golf in 2019 was _____ his real consumption level in 2018.

Calculate the value of change in consumption if change in income is $2200 and MPC is 0.34

Suppose that the least amount of goods and services that Jim will consume in a year is $40,000. Jim tends to save $0.30 of every dollar of disposable income that he makes. Use the given line to graph Jim's consumption function for disposable income levels between $0 and $200,000. Move each endpoint to the appropriate spot on the graph.

The accompanying graph represents the aggregate consumption function for the small island nation of Pineapple Paradise. The people of Pineapple Paradise expect their future disposable income to increase. Use the graph to show an increase in consumption expenditures. What is the new level of aggregate autonomous consumer spending? 1 $1000 2 $3000 3 $2000 4 $4000

please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

In the future report of U.S. Gross Domestic Product (GDP) for Quarter 1 of 2023, which of the following would not be an example of an expenditure that would contribute to an increase in the level of GDP in Q1 of 2023? [note: focus on the direct impact of each of the choices below]   Group of answer choices U.S. household spending on home appliances increases by 0.5% in 2023:Q1   Business investment spending on industrial equipment rises by 2% in 2023:Q1 U.S. Federal government interest payments rise by $120 billion in 2023:Q4   U.S. consumer spending on domestic air travel increases by 8% in 2023:Q1. None of the choices listed because all would contribute to an increase in real GDP in 2023:Q1.

Suppose Jade, an avid cinephile, spent a total of $2000 on tickets for the 200 films she saw in 2017 and a total of $2200 on tickets for the 200 films she saw (at the same theater) in 2018. Jade's nominal consumption of movies in 2018 was real consumption of movies in 2018 was, her nominal consumption level in 2017. Jade's her real consumption level in 2017. Select one: A. greater than; less than OB. less than; greater than O C. the same as; greater than O D. greater than; the same as O E. greater than; greater than i OF. less than; less than O G. less than; the same as O H. the same as; less than O1, the same as; the same as

I consumed all my income at every level of  income.Draw my consumption and saving function.What are my MPC and MPS? Explain why it must always be true that MPC+MPS equal to 1?

Calculate consumption expenditure given that:- APC = 0.16 Income = $5000

The magazine Women of China reported that Chinese women in big cities spent 63% of their income on consumer goods last year, up from a meagre 26% in 2007. Clothing accounted for the biggest chunk of that spending, at nearly 30%, followed by digital products such as cellphones and cameras (11%) and travel (10%). Chinese consumption as a whole grew faster than the overall economy in the first half of the year and is expected to reach 42% of GDP by 2020, up from the current 36%.  Source: The Wall Street Journal, August 27, 2010    If the economy had been operating at a full employment equilibrium, (a) Describe the macroeconomic equilibrium after the rise in consumer spending.  (b) Explain and draw a graph to illustrate how the economy can adjust in the long run to restore a full-employment equilibrium.