Macroeconomics
Added on 2023-03-17
10 Pages1478 Words75 Views
Running head: MACROECONOMICS
Macroeconomics
Name of the Student:
Name of the University:
Author Note:
Macroeconomics
Name of the Student:
Name of the University:
Author Note:
1MACROECONOMICS
Table of Contents
Part a...........................................................................................................................................2
Part b..........................................................................................................................................2
Part c...........................................................................................................................................3
Part d..........................................................................................................................................3
Part e...........................................................................................................................................3
Part f...........................................................................................................................................4
Part g..........................................................................................................................................5
Part h..........................................................................................................................................5
Part i...........................................................................................................................................7
Part j...........................................................................................................................................8
Reference:..................................................................................................................................9
Table of Contents
Part a...........................................................................................................................................2
Part b..........................................................................................................................................2
Part c...........................................................................................................................................3
Part d..........................................................................................................................................3
Part e...........................................................................................................................................3
Part f...........................................................................................................................................4
Part g..........................................................................................................................................5
Part h..........................................................................................................................................5
Part i...........................................................................................................................................7
Part j...........................................................................................................................................8
Reference:..................................................................................................................................9
2MACROECONOMICS
Part a
Gross domestic product =Consumption+ Investment (Planned ∧Unplanned)+Government expenditure+( Expo
The data is collected from the Australian Bureau of Statistics (abs.gov.au, 2018).
Consumption = $260752 million
Planned Investment = $109478 million
Unplanned Investment= $1983 million
Government Expenditure =$ 84696 million
Export = $100820 million
Import = $99614 million
Y =260752+109478+1983+ 84696+(100820−99614)
Y =458115
The actual GDP is $458115 million.
Part b
Consumption=Autonomous Consumption+ MPC∗Y d
Where, Yd= Disposable income
MPC = 1- (MPS+ marginal tax rate + nx(m))
MPC=1− ( 0.3+0.05+0.04 )
MPC=0.61
Y d = ( 1−marginlatax rate )∗Y −T
Y d = ( 1−0.05 )∗458115−70140.1
Part a
Gross domestic product =Consumption+ Investment (Planned ∧Unplanned)+Government expenditure+( Expo
The data is collected from the Australian Bureau of Statistics (abs.gov.au, 2018).
Consumption = $260752 million
Planned Investment = $109478 million
Unplanned Investment= $1983 million
Government Expenditure =$ 84696 million
Export = $100820 million
Import = $99614 million
Y =260752+109478+1983+ 84696+(100820−99614)
Y =458115
The actual GDP is $458115 million.
Part b
Consumption=Autonomous Consumption+ MPC∗Y d
Where, Yd= Disposable income
MPC = 1- (MPS+ marginal tax rate + nx(m))
MPC=1− ( 0.3+0.05+0.04 )
MPC=0.61
Y d = ( 1−marginlatax rate )∗Y −T
Y d = ( 1−0.05 )∗458115−70140.1
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