Macroeconomics
Added on 2022-12-22
14 Pages1430 Words1 Views
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Running head: MACROECONOMICS
Macroeconomics
Name of the Student
Name of the University
Course ID
Macroeconomics
Name of the Student
Name of the University
Course ID
MACROECONOMICS1
Table of Contents
Section A....................................................................................................................................2
Part 1......................................................................................................................................2
Part 2......................................................................................................................................3
Part 3......................................................................................................................................3
Part 4......................................................................................................................................4
Part 5......................................................................................................................................4
Part 6......................................................................................................................................5
Part 7......................................................................................................................................5
Part 8......................................................................................................................................5
Part 9......................................................................................................................................6
Section B....................................................................................................................................7
Part 10....................................................................................................................................7
Part 11....................................................................................................................................8
Part 12....................................................................................................................................9
Part 13....................................................................................................................................9
Part 14..................................................................................................................................10
Part 15..................................................................................................................................11
References................................................................................................................................12
Table of Contents
Section A....................................................................................................................................2
Part 1......................................................................................................................................2
Part 2......................................................................................................................................3
Part 3......................................................................................................................................3
Part 4......................................................................................................................................4
Part 5......................................................................................................................................4
Part 6......................................................................................................................................5
Part 7......................................................................................................................................5
Part 8......................................................................................................................................5
Part 9......................................................................................................................................6
Section B....................................................................................................................................7
Part 10....................................................................................................................................7
Part 11....................................................................................................................................8
Part 12....................................................................................................................................9
Part 13....................................................................................................................................9
Part 14..................................................................................................................................10
Part 15..................................................................................................................................11
References................................................................................................................................12
MACROECONOMICS2
MACROECONOMICS3
Section A
Part 1
Standard form of consumption function is given by
C=a+b Y d
a: Autonomous consumption
b: Marginal propensity to consume
Yd: Disposable income.
MPC=1−MPS−MPT −MPM
¿ 1−0.4−0.18−0.1
¿ 0.32
Level of income equal $520, 240.
Disposable income ( Y d )=(Y −T )
¿ $ 520,240−$ 206,700.0
¿ $ 520 ,240−$ 206,700.0
¿ $ 313540.0 million
AutonomousConumption ( a )=C− ( b × Y d )
¿ $ 171,650.0− ( 0.32 × $ 313540.0 )
¿ $ 171,650.0−$ 100332.8
¿ $ 71317.2million
Section A
Part 1
Standard form of consumption function is given by
C=a+b Y d
a: Autonomous consumption
b: Marginal propensity to consume
Yd: Disposable income.
MPC=1−MPS−MPT −MPM
¿ 1−0.4−0.18−0.1
¿ 0.32
Level of income equal $520, 240.
Disposable income ( Y d )=(Y −T )
¿ $ 520,240−$ 206,700.0
¿ $ 520 ,240−$ 206,700.0
¿ $ 313540.0 million
AutonomousConumption ( a )=C− ( b × Y d )
¿ $ 171,650.0− ( 0.32 × $ 313540.0 )
¿ $ 171,650.0−$ 100332.8
¿ $ 71317.2million
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