Learning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Reflective Thinking143) Given the equations forC,I,G, andNXbelow, what is the equilibrium level of GDP?C=1,000+0.8YI=1,500G=1,250NX=100A) $3,080B) $3,850C) $6,930D) $19,250Answer: D143)Diff: 2Page Ref: 789-790/415-416Topic: The Algebra of Macroeconomic EquilibriumLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Analytic Skills39

144) Given the equations forC,I,G, andNXbelow, what is the marginal propensity to consume?C=1,000+0.8YI=1,500G=1,250NX=100144)Diff: 2Page Ref: 789-790/415-416Topic: The Algebra of Macroeconomic EquilibriumLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Analytic Skills145) Given the equations forC,I,G, andNXbelow, what is the marginal propensity to save?C=1,000+0.8YI=1,500G=1,250NX=100145)Diff: 2Page Ref: 789-790/415-416Topic: The Algebra of Macroeconomic EquilibriumLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Analytic Skills146) If the consumption function is defined asC=7,250+0.8Y, what is the autonomous level ofconsumption expenditure?146)Diff: 2Page Ref: 789-790/415-416Topic: The Algebra of Macroeconomic EquilibriumLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Analytic Skills147) If the consumption function is defined asC=7,250+0.8Y, what is the marginal propensity to save?A) 0.2B) 0.8C) 5.8D) 7.25Answer: A147)Diff: 2Page Ref: 789-790/415-416Topic: The Algebra of Macroeconomic EquilibriumLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Analytic Skills

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