Use the information below for a four sector economy, answer the following questions: C = 600...
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Use the information below for a four sector economy, answer the following questions: C = 600 + 0.6 Yd T = 60 1 = 100 G = 400 X = 350 M = 350+ 0.1 Y C = Consumption function T = Tax function I = Investment function G = Government expenditures function X = Export function M = Import function Y = National Income YD = Disposable Income function Yf = Full Employment Income Ye Equilibrium income a. What is the value of autonomous expenditures? Number b. What is the slope of aggregate expenditure? Number c. What is the value of equilibrium GDP? Number d. What is the value of the autonomous tax multiplier? Number e. What is the value of Consumption (C) at equilibrium? Number f. What is the value of Savings at equilibrium? Number Use the information below for a four sector economy, answer the following questions: C = 600 + 0.6 Yd T = 60 1 = 100 G = 400 X = 350 M = 350+ 0.1 Y C = Consumption function T = Tax function I = Investment function G = Government expenditures function X = Export function M = Import function Y = National Income YD = Disposable Income function Yf = Full Employment Income Ye Equilibrium income a. What is the value of autonomous expenditures? Number b. What is the slope of aggregate expenditure? Number c. What is the value of equilibrium GDP? Number d. What is the value of the autonomous tax multiplier? Number e. What is the value of Consumption (C) at equilibrium? Number f. What is the value of Savings at equilibrium? Number
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To answer the questions lets analyze the given information C 600 06Yd Consumption function T 60 Tax function I 100 Investment function G 400 Governmen... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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