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Discuss 6 questions for Marcoeconomic,such as: real GDP, MPI, MPS, PPP, and so on. Also provied some graphs, tables, and references for the essay.
Date Submitted: 06/17/2004 14:10:55
Question 1
(a)Given the following information, calculate the level of real GDP that results in spending balance in the economy (T is taxes or tax revenue).
C = 100 + 0.7 (Y - T)
I = 100
G = 200
T = 200
X = 50 - 0.1Y
Real GDP = C + I + G + X = Y
= 100 + 0.7 (Y-200) + 100 + 200 + 50 - 0.1Y
Y= 310 - 0.6Y
0.6Y = 310
Y= 775
1) What is the MPC in this example? What is the MPS? What is the MPI? How does the MPI affect the slope of the
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in 2001, Macroeconomics: a student's guide to theory and concepts, Studymates, Taunton.
5.Jackson, McIver 2001, Macroeconomics, 6th edn. McGraw-Hill, Sydney.
6.Peter E. Kennedy 2000, Macroeconomic Essentials: understanding economics in the news, 2nd edn. MIT Press, Cambridge Mass.
7.What makes the four tigers road 1960 and 1990 "GDP data concerning Ghana, the four tigers and North America" [online]. Available at URL: http://www.soc-canada.com/exes/ch10/ [Accessed 20 October 2003].
8.Pizza Hut 2003 [online]. Available at URL: http://www.pizzahut.com [Accessed 20 October 2003].
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