Assume taxes are zero and an economy has a consumption function of C= 0.83 (Yd) +...
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Assume taxes are zero and an economy has a consumption function of C= 0.83 (Yd) + $760.54. How much savings take place if disposable income is equal to 1,856.36? Round your answer to two digits after the decimal. 1,076.12 Assume an economy has a consumption function of C = 0.89 (Yd) + $688.64. Additionally, this economy has investment spending $767.21, government purchases $282.02, taxes $132.83, exports $213.96, and imports $270.79. What is the equilibrium level of GDP based on this information? Round your answer to two digits after the decimal. 14,207.45 Assume taxes are zero and an economy has a consumption function of C= 0.83 (Yd) + $760.54. How much savings take place if disposable income is equal to 1,856.36? Round your answer to two digits after the decimal. 1,076.12 Assume an economy has a consumption function of C = 0.89 (Yd) + $688.64. Additionally, this economy has investment spending $767.21, government purchases $282.02, taxes $132.83, exports $213.96, and imports $270.79. What is the equilibrium level of GDP based on this information? Round your answer to two digits after the decimal. 14,207.45
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Question 1 The equation can be rearranged to find savings S Yd C We know that C 083 Yd 76054 so ... View the full answer
Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
Posted Date:
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