User Account

All Pages

What is the numerical values of the multipliers

Assignment Help Microeconomics
Reference no: EM13878097

Consider a national income model with the following consumption, investment, and tax functions

C = 55 + 0.85YD
T = 20 + 0.05Y
I = 10 + 0.1Y - 8r

where r is given as 6 % and G0 = 100.

(a) Find the equilibrium national income, consumption, investment, and tax.

(b) What is the numerical values of the multipliers?

(c) Is government budget in this economy balanced?

Reference no: EM13878097

Questions Cloud

Design that shaft : The shaft is drive shaft for a large bulk material conveyor.the gear receives 40hp and rotate at 120rpm.each chain sprocket delivers 20hp to one side of the conveyor. Use AISI 1020 cold-drawn steel. Design that shaft.
Personal professional development plan : Personal Professional Development Plan: Competencies - How will your competencies as identified in the assessment benefit you in your selected career
Find the new equilibrium national income, consumption : Find the new equilibrium national income, consumption, investment, and tax
How much would the total amount be on december : How much would the total amount be on December 31, 2015, if the annual interest rate is 8 percent, compounded semiannually?
What is the numerical values of the multipliers : Consider a national income model with the following consumption, investment, and tax functions C = 55 + 0.85YD , T = 20 + 0.05Y , I = 10 + 0.1Y - 8r - What is the numerical values of the multipliers
Difference between training and learning and development : Companies with an old school mentality still consider training a human resource thing and have a mindset of "we'll do it when there's time." Can you explain the difference between training and learning and development
Fringe benefit tax - advice abc of its fbt consequences : Analyze and then advice ABC of its FBT consequences arising out of the above information, including calculation of any FBT liability, for the year ending 31 March 2015
Find the equilibrium national income, consumption, and tax : Assume a closed economy with the following national income model: Y = C + I + G0 , C = C0 + bY D , T = T0 + tY I = I0 + iY - Find the equilibrium national income, consumption, and tax
Determine the break-even point : Determine the break-even point

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd