Calculate the equilibrium level of aggregate, Econometrics

Given for a closed economy:

C = $20 + 0.50YD

          I = $40

          G = $10

          YD = Y- T0

          T0 = $5

Determine:  (a)  the equilibrium level of aggregate or national income (Y);

                  (b)  the level of planned consumption;

                  (c)  the equality of total planned withdrawal and total planned injections.

Posted Date: 3/12/2013 5:22:06 AM | Location : United States







Related Discussions:- Calculate the equilibrium level of aggregate, Assignment Help, Ask Question on Calculate the equilibrium level of aggregate, Get Answer, Expert's Help, Calculate the equilibrium level of aggregate Discussions

Write discussion on Calculate the equilibrium level of aggregate
Your posts are moderated
Related Questions
Consider a Simple Linear Regression Model (SLRM) of the form y= a1+a2X+e where e ~  N(0,σ 2 )(Use the assumptions outlined in our class and available for review in the lecture note

Why use auxiliary regression? What are the benefits of using it?

Determine the  four  stationary  points  of  the  function  Z= 2x 3 +y 3 -18x -12y +50 according to whether they define a maximum, minimum, or saddle point.

what meaning of limit pricing theory and its importance in industrial economics?

#question.Suppose that you have 150 observations on production (yt) and investment (it), and you have estimated the following ADL(3,2) model: (1 – 0.5L – 0.1L2 – 0.05L3)yt = 0.7 +


expected solution plus hypothesis



Show which of the following are cross-section data, giving the reasons. (i)    Wages of individual workers in the UK chemical industry in 2009. (ii)    Annual growth rates of eve