Assume an economy in which the marginal propensity to consume, c, is 0.8, the income tax rate, t, is 0.2, and the share of imports in gdp, nx, is 0.04. autonomous consumption, ca, is 660; autonomous taxes, ta, are 200; autonomous net exports, nxa, are 300; planned investment, ip, is 500; and government spending, g, is 500.

(a) what is the value of autonomous planned spending (ap)?

(b) what is the value of the multiplier?

(c) what is the equilibrium value of income (y)?

(d) what is the value of consumption in equilibrium?

(e) show that leakages equal injections.

(f) suppose government expenditures decline by 150. describe the economic process by which the new equilibrium value of y is attained.

(g) what is the new equilibrium value of y?

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

In terms of precent, beer has more alcohol than whiskey true or false