14. Calculate Equilibrium GDP (Y*) in each of the following situations (IP is Autonomous Planned Investment): (a) C= 50+.75(Y-10), IP= 100, G=20, NX=-15. (b) a 10, MP C = .8, T10, TR-5, IP = 50, G = 40, NX = 0. (c) a 15, MP C =.85, T=15, TR= 10, IP = 55, G=45, NX = 5. (d) The MPC is 0.75, Autonomous Consumption is 100, Autonomous Planned Investment is 80, Government Spending is 50, Net Exports are -20, Lump-sum Taxes are 50, and Transfer Payments are 20. T

14. Calculate Equilibrium GDP (Y*) in each of the following situations (IP is Autonomous Planned Investment): (a) C= 50+.75(Y-10), IP= 100, G=20, NX=-15. (b) a 10, MP C = .8, T10, TR-5, IP = 50, G = 40, NX = 0. (c) a 15, MP C =.85, T=15, TR= 10, IP = 55, G=45, NX = 5. (d) The MPC is 0.75, Autonomous Consumption is 100, Autonomous Planned Investment is 80, Government Spending is 50, Net Exports are -20, Lump-sum Taxes are 50, and Transfer Payments are 20. T

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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