hypothetical economy, Macroeconomics

#C=100+0.8yd
G=100
T=0.25y
X=150
M=0.25yd
1) What is the level of equilibrium national income?
2) Estimate the budget surplus or deficit at the equilibrium national income.
3) Derive the savings function. Interpret your answer.
4) Define the income multiplier (=k).
question..
Posted Date: 7/15/2012 12:41:24 PM | Location : United States







Related Discussions:- hypothetical economy, Assignment Help, Ask Question on hypothetical economy, Get Answer, Expert's Help, hypothetical economy Discussions

Write discussion on hypothetical economy
Your posts are moderated
Related Questions
Consider a market for fish whose market demand and market supply for fish is specified as Qd = 300 - 2.5 P and Qs = - 20 + 1.5 P respectively. The equilibrium price and quantity is

Q. Define do you mean by GDP growth? By (nominal) GDP-growth we mean the percentage change in (nominal) GDP over a specific period of time. Real GDP growth is defined as percen

:- Consider a closed capitalist economy in which all productions is undertaken by100 firms and wages and profits are theonly 2 categories of incomes. Assume further that all wages

Arrow up or down: An increase in the wage for high school graduates __________ the opportunity cost of college. A) arrow up B) Arrow down



Q. Assumptions of the AS-AD model? The most significant change we make going from IS-LM model to AS-AD model is to allow P to be endogenous. As P was constant in IS-LM model, w

THE MODEL BUILDING    A model of individual or aggregate economic phenomena represents a simplification of real world economic complexities. It may be expressed in words, ta

Oligopoly is a marketplace where the deliver is controlled by a small group of companies. In this condition, the actions of single company will have a material effect on the whole

how to work out National Income?