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(Solved): Question 2 [Soalan 2] The closed economy of Temasik has the following characteristics: [Ekonomi fer ...




Question 2
[Soalan 2]
The closed economy of Temasik has the following characteristics:
[Ekonomi fertutup Temasik mempunyai ci
Question 2 [Soalan 2] The closed economy of Temasik has the following characteristics: [Ekonomi fertutup Temasik mempunyai ciri-ciri berikut:] Autonomous consumption is RM100 [Penggunaan autonomi adalah RMIOo] Marginal propensity to consume is [Kencenderingan mengguna sut adalah 0.9] Investment expenditure is RM460 [Perbelanjaan pelaburan adalah RM460] Taxes are constant and equal to RM400 [Cukai adalah tetap dan sama dengan RM400] Government purchases of goods and services is RM400 [Perbelanjaan kerajaan terhadap barang dan perkhidmatan adalah RM400] (a) Find the equilibrium level of real GDP. [Cari tahap keseimbangan KDNK benar.] (5 Marks/ Markah) (b) Suppose the government cuts its purchases of goods and services to RM300. Using the multiplier formula, calculate the change in real GDP. [Diandaikan bahawa kerajaan mengurangkan pembelian barangan dan perkhidmatan kepada RM300. Dengan menggunakan formula pengganda, hitungkan perubahan dalam KDNK benar.J (2 Marks/Markah) (c) Suppose the government maintains its purchase of RM400 worth of goods and services and instead cuts taxes to RM300. Using the multiplier formula, calculate the change in real GDP. [Diandaikan bahawa kerajaan mengekalkan pembelian barangan dan perkhidmatan bernilai RM400 dan sebaliknya mengunangkan cukai kepada RM300. Dengan menegunakan formula pengganda, hitungkan perubahan KDNK benar.] (3 Marks/ Markah)


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(a)The equilibrium level of real GDP (Y) can be calculated using the following equation:Y = C + I + GWhere: C = Autonomous Consumption + MPC x (Y - T)
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