Economics Exam

Practice capers Problem 1 Income (Y)Consumption (C)Saving (S)Investment (I)TE 9,0001,3002,500 11,0001,7002,500 13,0002,500 15,0002,500 17,0002,500 19,0002,500 a) What is the exercise function? assume that it takes the standard form (C = a + b YD). b) Fill in the tabular array above. c) What is the sense of balance take take? d) If the current siding level is 14,000, what would likely happen to the output level abutting year? Why? e) By how ofttimes will the equilibrium output level increase (decrease) if the plotted investment falls by 500? Problem 2 use the avocation hypothetical data: Population550,000 perfect employed full-time300,000 Total employed part-time75,000 Discouraged workers40,000 Total unemployed45,000 a) count the size of the labor force b) Compute the unemployment ramble c) Compute labor force intricacy rate d) If unemployment rate increased by 2%, what set up you say about the actual gross domes tic crossroad?

Problem 3 Symbols:? = Up? = Down = No take? = Uncertain affair the above symbols to fill in the table below: Observations feat on MsMdrIYC ply increases reserve proportionality The government cuts taxes Net effects Problem 4 YearNominal GDPCPI 19802789.582.4 19905803.1130.7 20009268.4166.6 subprogram the data in the table above to answer the followers questions. Compute the rate of inflation between 1990 and 2000 Compute 1980 factual GDP in 1990 prices Compute 2000 real GDP in 1990 pricesIf you want to swallow a full essay, order it on our website: BestEssayCheap.c! om

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