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  1. K

    please help with this question

    My answer for (d) was 1600. but the guide says its 3600, are the correct in their caluculation? Consider a closed economy with no government sector in which consumption (C) is related to income (Y) by the equation:C = A + cY (a) What is the marginal propensity to consume? c (b) How...
  2. K

    Equilibrium output in the short run

    Why cant actual income be more than The equilibrium output?
  3. K

    Are transfer payments injections?

    lol guys (2014 on a 2005 thread) anyways, my book says an Injection is money that flows to firms WITHOUT being recycled through house holds. So i was thinking since transfer payments are recycled back to households, then they don't qualify as injections into the circular flow. what do you think?
  4. K

    help with this question

    According to the ONS, United Kingdom National Accounts (2003 edition), GDP at current market prices was £994 309 in 2001 and £1 099 896 in 2003. The implicit GDP deflator was 100.0 in 2001 and 106.3 in 2003. Calculate real and nominal growth in GDP for 2002 and 2003. Instructions: Round your...
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