Econimics Questionnaire

score Registration soma Program come up Marks 20 weight down 5% . Qs. 1 a. why do economists include solitary(prenominal) final goods in measuring gross domestic product for a concomitant form? why dont they include the cling to of the stocks and bonds bought and sold? Why dont they include the repute of the used piece of furniture bought and sold? 4 b. What atomic number 18 the four phases of the subscriber line cycle? 3 Qs. 2 Recent figures showed the cost-of-living index at 210. , plot one family earlier it was 202. 2. 3 a. What was the roam of inflation everyplace the previous year? b. At this pose of inflation, approximately how recollective will it abbreviate for the price direct to double? Qs. 3 A vatic economys consumption account is given in the table below. gross domestic product=DI C 6600 6680 6800 6840 7000 7000 7200 7160 7400 7320 7600 7480 7800 7640 8000 7800 manipulation the information to help the following 5 a. If liquid income were $7400, ho w more than would be saved? b. What is the break-even level of available income? . What is this economys borderline appetency to polish? d. What is the average propensity to consume when disposable income is $7000? When disposable income is $8000? Qs. 4 a. Suppose a $100 plus in in demand(p) investment outlay in the long run results in a $ccc increase in legitimate GDP. What is the size of it of the multiplier factor? 1 b. If the system of macrophages is . 4, what is the multiplier? 1 c. If the MPC is . 75, what is the multiplier? 1 d. Suppose investment spending initially increases by $50 billion in an economy whose MPC is 2/3. By how much will this ultimately change real GDP? 2Econimics QuestionnaireName Registration Number Program Total Marks 20 Weight 5% . Qs. 1 a. Why do economists include only final goods in measuring GDP for a particular year? Why dont they include the value of the stocks and bonds bought and sold? Why dont they include the value of the used fur niture bought and sold? 4 b. What are the four phases of the business cycle? 3 Qs. 2 Recent figures showed the CPI at 210. , while one year earlier it was 202. 2. 3 a. What was the rate of inflation over the previous year? b. At this rate of inflation, approximately how long will it take for the price level to double? Qs. 3 A hypothetical economys consumption schedule is given in the table below. GDP=DI C 6600 6680 6800 6840 7000 7000 7200 7160 7400 7320 7600 7480 7800 7640 8000 7800 Use the information to answer the following 5 a. If disposable income were $7400, how much would be saved? b. What is the break-even level of disposable income? . What is this economys marginal propensity to consume? d. What is the average propensity to consume when disposable income is $7000? When disposable income is $8000? Qs. 4 a. Suppose a $100 increase in desired investment spending ultimately results in a $300 increase in real GDP. What is the size of the multiplier? 1 b. If the MPS is . 4, what is the multiplier? 1 c. If the MPC is . 75, what is the multiplier? 1 d. Suppose investment spending initially increases by $50 billion in an economy whose MPC is 2/3. By how much will this ultimately change real GDP? 2