Calculate the values for each of the questions. assume that in each country there are no taxes, international trade, or inflation and that interest rates are fixed. the italian government decides to stimulate the economy by sending checks worth $70billion to italian consumers. if the government spending multiplier is 1.5, calculate the mpc to determine the final change in italy's real gdp due to the transfer. give your answer as a whole number in billions of dollars.$billionthe greek government decides to introduce new austerity measures, which reduce government direct spending by $16billion. greece has a marginal propensity to consume of 0.6. what will be the final change in real gdp as a result of this decreased spending? give your answer as a whole number in billions of dollars.$billionthe japanese government decides to stimulate the economy by increasing direct spending by $70billion. if the final change in real gdp is $280 billion, what is japanese consumers' marginal propensity to consume (mpc)? round your answer to two decimal places.

Amarket is said to be equilibrium when quantity demanded is equal to quantity supplied. critically analyse the above statement by giving different types of market

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

What cylinder head operation is the technician performing in this figure?