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    Harvard university
    Feb-1997 - Aug-2003

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Category > Economics Posted 22 Jun 2017 My Price 5.00

SECOND HAND CLOTHES

Q1.You are given the following data for a country.1)C=200+0.8y.2)I=100 (3)Y=C+I (4)Y=Yd, a)what is the Marginal propensity to consume(MPC)?(b) what is the marginal propensity to save?(MPS)(c) Graph equation 3 (d) what is the equilibrium level of Y? (e) calculate the savings for the economy.

Q2.WHY DO YOU THINK SECOND HAND CLOTHES SHOULD NOT BE ADDED TO GDP (GROSS DOMESTIC PRODUCT)?

Q3.WHAT IS FRICTIONAL UNEMPLOYMENT? GIVE EXAMPLES

Answers

(15)
Status NEW Posted 22 Jun 2017 12:06 AM My Price 5.00

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