Data in Table 3 indicates the level of production (GOP) and the use of (C) for...
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Data in Table 3 indicates the level of production (GOP) and the use of (C) for the state of Alphard. All data are in units of million RM. Table 3 Production and Consumption Data Yd 0 80 100 140 200 200 300 400 260 320 a. Get the Consumption Expenditure(C) and the Saving(S) functions. b. Determine the Break-even point. c. If the government expenditure (G) = RM5 million, investment (/) = RM3 Million, find the equilibrium (YQ) in a closed economy. d. From (C), suppose the government imposes a tax worth RM10 million. Find the new close economy equilibrium point (Y1) e. What is the tax multiplier (MT) value? Data in Table 3 indicates the level of production (GOP) and the use of (C) for the state of Alphard. All data are in units of million RM. Table 3 Production and Consumption Data Yd 0 80 100 140 200 200 300 400 260 320 a. Get the Consumption Expenditure(C) and the Saving(S) functions. b. Determine the Break-even point. c. If the government expenditure (G) = RM5 million, investment (/) = RM3 Million, find the equilibrium (YQ) in a closed economy. d. From (C), suppose the government imposes a tax worth RM10 million. Find the new close economy equilibrium point (Y1) e. What is the tax multiplier (MT) value?
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