Homework answers / question archive / 1)Each year consumers spend $800 million regardless of the level of their disposable income

1)Each year consumers spend $800 million regardless of the level of their disposable income

Economics

Share With

1)Each year consumers spend $800 million regardless of the level of their disposable income. In addition to this $800 million, they always spend 75% of their yearly disposable income

investment=$250 million

Govt expenditure= $120 million

Net tax =$100 million

Exports =$170 million

Imports = 15% Disposable income.

How do I calculate the country's output level?

2)she has the VNM utility function v. 7. Now suppose that X is the set of integers. Would the NM utility functions u(x) = 3x + 2 sin(27x) and v(x) = 7x + 5 yield different choices over lotteries? 8. Let X - Loc. lhe the set of incizes Innebabe following cuactions