a and b part only))hand written plzzzzz...othereise skip 1. Use the following information from a fictional economy:Consumption, C= 250 + 0.8 YdInvestment, I = 200Government Spending, G 100Taxes, T 0.2 YNet Exports, NX = 50 - 0.4 YDisposable Income, Yd = Y-T%3DReal GDP = Y(a) What is equilibrium Real GDP (Y) for this economy?(b) What is equilibrium C for this economy?(c) What is equilibrium NX for this economy?(d) What is equilibrium T for this economy?(e) What is equilibrium YD for this economy?

The formula for equilibrium real GDP is: Y = C + I + G + NX

Answered: a and b part only))hand written plzzzzz

Business

Economics

a and b part only))hand written plzzzzz

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

a and b part only))hand written plzzzzz...othereise skip

1. Use the following information from a fictional economy:
Consumption, C= 250 + 0.8 Yd
Investment, I = 200
Government Spending, G 100
Taxes, T 0.2 Y
Net Exports, NX = 50 - 0.4 Y
Disposable Income, Yd = Y-T
%3D
Real GDP = Y
(a) What is equilibrium Real GDP (Y) for this economy?
(b) What is equilibrium C for this economy?
(c) What is equilibrium NX for this economy?
(d) What is equilibrium T for this economy?
(e) What is equilibrium YD for this economy?

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