Q30. Suppose an economy had consumption of $4000, exports were $800, GDP was $81
ID: 1161911 • Letter: Q
Question
Q30.
Suppose an economy had consumption of $4000, exports were $800, GDP was $8100, imports were $200, and investment was $1000. What must have the amount of government purchases been in this economy?
$2500
$1900
$4500
$1200
Q28.
Suppose that your economics professor has been offered a corporate job with a 25 percent pay increase. He has decided to not take the job. For him, the marginal
cost of teaching was greater than the marginal benefit.
benefit of leaving was greater than the marginal cost.
benefit of teaching was greater than the marginal cost.
All of the above are correct.
a.$2500
b.$1900
c.$4500
d.$1200
Explanation / Answer
Q 27
What must have the amount of government purchases been in this economy
=GDP-cosumption-invesment-net exports
=8100-4000-1000-(800-200)
=2500
Q 28
benefit of teaching was greater than the marginal cost.
because of higher benefit than cost, he did not leave job of teaching
The above should be answer..
benefit of teaching was greater than the marginal cost.
because of higher benefit than cost, he did not leave job of teaching
The above should be answer..
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