Assuming you continue to earn 30000 starting in period t 1, Econometrics

+44 141 628 6080
[email protected]

Assuming you continue to earn 30000 starting in period t 1

Suppose that permanent income is calculated as the average of income over the past five years; that is

a. If you have earned $20,000 per year for the past 10 years, what is your permanent income?

b. Suppose that next year (period t 1) you earn $30,000. What is your new YP ?

c. What is your consumption this year and next year?

d. What is your short-run marginal propensity to consume? Long-run MPC ?

e. Assuming you continue to earn $30,000 starting in period t 1, graph the value of your permanent income in each period, using equation (P1).

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Assuming you continue to earn 30000 starting in period t 1

Reference No:- TGS01520730

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Review the real-life cat and mouse chase

Real-Life Cat and Mouse Chase: Understanding the Perceptions and Attitudes of Street Vendors of Metro Manila towards MMDA Regulation No. 03-004

How sociological models help understand mental illness

Based on the chapter by Allen Furr on the sociology of mental illness, How do sociological models help you understand mental illness differently

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?

Which is a criticism of marxist/conflict theories

Question: Which of the following is a criticism of Marxist/conflict theories? Group of answer choices

Symbolic interactionism took off as a theoretical approach

Question: Symbolic interactionism took off as a theoretical approach to the study of deviance during the 1960s

How coastlines are vulnerable to multiple climate change

Even though are coastlines are very vulnerable to multiple climate change impacts, the good news is that because most of our urban settlements

Why does victor coin the term hyper-violence

Why does victor coin the term hyper-violence instead of just using violence? And second, how is hyper-violence display in the Oakland community?

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Assuming you continue to earn 30000 starting in period t 1

Reference No:- TGS01520730

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : The possibility of terrorists using biological weapons on

Q : In the barro-ricardo view does it make any difference

Q : List the numbers of the above transactions and describe the

Q : Do you think that the creation and work of the public

Q : Assuming you continue to earn 30000 starting in period t 1

Q : 1in the case both airlines upgraded to the same

Q : Brandon computer timeshare company entered into the

Q : Patrol and investigation are the two primary components of

Q : Using excel create a graph that includes both the mortgage