Assume that carl and wanda each make 40000 each was given a, Microeconomics

+44 141 628 6080
[email protected]

--%>

Assume that carl and wanda each make 40000 each was given a

Assume that Carl and Wanda each make $40,000. Each was given a raise of $4,000. Carl's spending increased from $40,000 to $43,000. Wanda's savings increased from $1,000 to $2,000.
1. Carl lives in the Macro Islands. What is Carl’s MPC?
2. Wanda lives in the Micro Islands. What is Wanda’s MPS?
When businesses in the Macro Islands increased investment by $30 million to attract tourists, GDP increased by $300 million. Calculate the MPC in the Macro Islands?
Assume taxes increase by $300 and government spending increases by $300. The marginal propensity to consume is 0.75. Calculate the total change GDP.
If equilibrium output rises by a total of $400 billion in response to an increase in government spending of $80 billion, what is the marginal propensity to consume?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Assume that carl and wanda each make 40000 each was given a

Reference No:- TGS01195708

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Record the year-end adjusting journal entry for patent

during the first half of 2006 hi-def electronics company spent 450000 on research and development efforts that resulted

Q : Kendra cogley and mei share income and loss in a 321 ratio

kendra cogley and mei share income and loss in a 321 ratio the partners have decided to liquidate their partnership on

Q : Determine the optimal size of the shopping center to the

melon enterprise is a commercial real estate developer you recently joined melon and your position reports directly to

Q : Our company must replace an obsolete machine press we have

our company must replace an obsolete machine press we have two bids that are summarized below both of the presses

Q : Assume that carl and wanda each make 40000 each was given a

assume that carl and wanda each make 40000 each was given a raise of 4000 carls spending increased from 40000 to 43000

Q : Estimate the percent of remaining life of depreciable

the following are recent excerpts from the financial statements ofnbspsirius satellite radio inc a company delivering

Q : Who benefits and who loses from this discrimination show

who benefits and who loses from this discrimination show the effect of discrimination on wages and employment in both

Q : Price sensitivity many goods and products are now made

this question is for a discussion it only needs to be a paragraph or twoprice sensitivity many goods and products are

Q : Reproduce the journal entry of patent purchases recorded

the following financial statement note information was provided for two recent comparative years fornbspjohnson amp

1938630

Questions
Asked

3,689

Active Tutors

1426763

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Conflict criminology mid-range approaches

Question: Conflict Criminology's mid-range approaches to crime reduction include all of the following except

Problem about learning about conformity

Last week we engaged in reading and learning about conformity and you engaged in activities that went against social norms.

Plight of murdered and missing indigenous women

Why has the plight of Murdered and Missing indigenous women been ignored for such a long time and have the new policies been effective?

Reflect on how you make connections

Reflect on how you make connections between aspects of your culture and how it is inexplicably interconnected to you the individual

What do you think is the route of prejudice within society

What do you think is the route of prejudice within society? Based on course content what is the best way to overcome it?

Identify appropriate ego functions

Selection of ego functions should apply to the identified client. Identify appropriate ego functions demonstrated by all members of the client.

What enhance or impede mastering developmental

Problem: Age, gender, and race/ethnic/culture are factors that can enhance or impede mastering developmental and life tasks.