Question: Explain clearly... I need clear steps... _I Use the following information to answer the questions) below. C = 1000 + 0.8YD; I = 800; G

Explain clearly... I need clear steps... _I Use the following information

Explain clearly... I need clear steps...

_I Use the following information to answer the questions) below. C = 1000 + 0.8YD; I = 800; G = 2000; T = 0.4Y 49) The multiplier for the above economy equals: A) 5. B) 1.92. C) 1.47. D) 1.66. E) 1.25. Answer: B Diff: 3 Type: MC Skill: Applied Section Ref: 3-3 1 000+0.8(Y-0.4Y)+800+2000 (1-0.48)Y=3800 50) The equilibrium level of GDP for the above economy equals: A) 4750. B) 6308. C) 5586. D) 7296. E) 190000. Answer: D Diff: 3 Type: MC Skill: Applied Section Ref: 3-3

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