Home / Questions / In Figure 9-4, at an income level of Y1 and planned expenditures of (C + I)1, the level of
In Figure 9-4, at an income level of Y1 and planned expenditures of (C + I)1, the level of autonomous investment is
A) ED.
B) EF.
C) JK.
D) GK.
72) A permanent increase in autonomous investment causes
A) a more than proportional increase in real national income.
B) a proportional increase in real national income.
C) a less than proportional increase in real national income.
D) an offsetting change in saving that leaves real national income at the same level.
73) Total planned expenditures in a closed economy are equal to
A) consumption + investment + government.
B) consumption + savings + transfers + investment.
C) savings + investment + government.
D) investment + savings + transfers.
74) In a closed economy, the equilibrium national income occurs where
A) the C + I + G line crosses the 45-degree line.
B) planned expenditures exceed national income.
C) savings will exceed planned investment.
D) all of these.
75) If GDP is at an equilibrium level in a closed economy,
A) C + I + G = GDP or National Income.
B) savings will be less than planned investment.
C) unplanned inventory accumulation will equal planned inventory accumulation.
D) C + T - G = GDP or National Income.
76) In the Keynesian model, government spending is considered
A) a positive function of real national income.
B) a negative function of real national income.
C) to be a negative function of the real interest rate.
D) to be autonomous.
77) A lump-sum tax, such as a $1,000 tax that every family must pay one time, is
A) a type of income tax.
B) an autonomous tax.
C) negatively related to real national income.
D) a regressive tax.
78) Equilibrium in the macro economy occurs when
A) total planned consumption expenditures equals real national income.
B) planned investment spending equals net exports of zero.
C) total planned expenditures equals real national income.
D) net exports equals inventory changes.
Table 9-4
|
Real Natl Incm |
Txs |
Disp. Inc |
Plnd Cnsmp |
Plnd Sav. |
Plnd Invst |
Gvt Spnd |
Net Expt |
Plnd Expnd |
|
10 |
2 |
8 |
6.8 |
1.2 |
1.5 |
2 |
0.5 |
10.8 |
|
11 |
2 |
9 |
7.6 |
1.4 |
1.5 |
2 |
0.5 |
11.6 |
|
12 |
2 |
10 |
8.4 |
1.6 |
1.5 |
2 |
0.5 |
12.4 |
|
13 |
2 |
11 |
9.2 |
1.8 |
2.0 |
2 |
0.5 |
13.2 |
|
14 |
2 |
12 |
10.0 |
2.0 |
1.5 |
2 |
0.5 |
14.0 |
|
15 |
2 |
13 |
10.8 |
2.2 |
1.5 |
2 |
0.5 |
14.8 |
|
16 |
2 |
14 |
11.6 |
2.4 |
1.5 |
2 |
0.5 |
15.6 |
79) Refer to Table 9-4. Which variables in the table are not autonomous?
A) Taxes, government spending, and saving
B) Planned investment, net exports, and government spending
C) Planned consumption and planned saving
D) Planned saving only
80) Refer to Table 9-4. The equilibrium real national income is
A) $12 trillion.
B) $13 trillion.
C) $14 trillion.
D) $15 trillion.
Dec 07 2019 View more View Less
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