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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

MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 4SQP
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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.
Transcribed Image Text: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.
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