The explanations in the book don't seem to match how these problems are set up, and I am stumped! I need formulas written in numbers, not lengthy wording. Please help!

1) If the GDP in 1999 were $800 and the GDP deflator was 125%, 1987=100%, what is the real GDP and base year?

2) Assume the MPC is 2/3. If gross investment spending increases by $2 million, the level of the GDP will change by how much?

3) What effect will a tax cut of $20 billion have on the GDP if the MPC is 0.9?

4) If government spending and taxation both increase by $5 billion, what will be the effect on the GDP?

Thanks for your help.

Solution Preview

1) If the GDP in 1999 were $800 and the GDP deflator was 125%, 1987=100%, what is the real GDP and base year?

since the GDP deflator of 1987=100%, then year 1987 is the base year
Then 1999 real GDP = GDP / deflator = 800 / 125% = $640

2) Assume the MPC is 2/3. If gross investment spending increases ...

Solution Summary

The OTA provides formulas written in numbers for the embedded problems.

Human chromosomes and formulas; abnormal chromosome number. I am having trouble writing the formulas. ... 1. Write a formula for: (a) a male with Down syndrome ...

... Round to the correct number of significant figures. ... 5. Write the names of the chemicals shown by their formulas/or the formulas from the given names. ...

... Use integers or fractions for any number in the expression ... 31) Write an equation of the line containing the given point ... y=mx+b (6,7; x+6y=7 The equation of the ...

... Solve for , where is a real number. ... Question #17/25 Write the following expression in simplified radical form. ... 18/25 Find the roots of the quadratic equation: ...

... 4. Write the structural formula for all the possible isomers (the number is indicated in parentheses) for each of the following compounds, and name each isomer ...

... coefficients of the polynomials can be written down in ... 3000 million dollars (d) The equation is undefined ...Write the expression that gives the average cost per ...

... will include the computer code you have written. ...Write a program or programs to interpolate the ... to compute Newton's interpolatory divided-diļ¬erence formula. ...

... Show work for this problem by defining variables, writing appropriate equation(s), and showing the solving ...Write a sentence to answer the question. ...

... A. Determine the linear equation that will represent the number of children who will enroll at a given fee. Hint: To write the slope, you need two points on ...

... i) What are the x-intercept and y-intercept of a linear equation? ... 4. Write a system of equations having a. A unique solution. b. An infinite number of solutions ...