3) Suppose that for a particular economy, investments (I) equal $100m, government expenditures (G) are $250m, exports (X) amount to 400m while imports (M) are $175m. The consumption function can be represented by the following equation: C = 300M + 0.80Yd

a) Identify the following:

(i) Autonomous consumption 1 mark
(ii) The marginal propensity to consume 1 mark
(iii) The value of the multiplier 2 marks

b) Calculate the equilibrium level of GDP(Y) 5 marks

c) Draw a Keynesian cross showing the equilibrium level of GDP (calculated in question 3b) and aggregate expenditure. 5 marks

Abenefit of using a debit or credit card instead of cash is that it provides a paper record of a purchase. looking at the purchases below, which one should be made using a credit or a debit card?

Acompany determined that the budgeted cost of producing a product is $30 per unit. on june 1, there were 80,000 units on hand, the sales department budgeted sales of 300,000 units in june, and the company desires to have 120,000 units on hand on june 30. the budgeted cost of goods sold for june would be

Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.