20. In a closed economy without investment and government spending, C = 1000 +.5YD, and taxes T=50, what would be the equilibrium national income? a 1000. , 500 +50 b. 10000. 6,00o + 50 c. 4600. 3,300 + 50 d. 5000. 3 S00 + S0
20. In a closed economy without investment and government spending, C = 1000 +.5YD, and taxes T=50, what would be the equilibrium national income? a 1000. , 500 +50 b. 10000. 6,00o + 50 c. 4600. 3,300 + 50 d. 5000. 3 S00 + S0
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 4SQP
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Transcribed Image Text:A 20. In a closed economy without investment and government spending, C = 1000 +.5YD, and
taxes T=50, what would be the equilibrium national income?
(a 1000. 1, 500 +50
b. 10000. 6,00o + 50
c. 4600. 3,300
d. 5000. 3.500
+ 50
50
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