Given the following data for the economy of Mokka: (3 marks) C = 50+ 0.68Y I...

 

Transcribed Image Text:

Given the following data for the economy of Mokka: (3 marks) C = 50+ 0.68Y I = 105 G = 215 XN 40 -0.08Y a) Calculate equilibrium GDP. b) Calculate the multiplier. c) If the tax function is: T = 30 + 0.2Y, calculate the government's budget balance. Given the following data for the economy of Mokka: (3 marks) C = 50+ 0.68Y I = 105 G = 215 XN 40 -0.08Y a) Calculate equilibrium GDP. b) Calculate the multiplier. c) If the tax function is: T = 30 + 0.2Y, calculate the government's budget balance.

Answer rating: 100% (QA)

step 1 st... View the full answer