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A country's economy is described with the following parameters: Y=9000, G=1500, T=500, C=300+(1/2)(Y-T), I=2500-30r, NX-1200-150Excangerate, and r is 11 (world interest rates). Find equilebrium exchange rate approximately for this country.

A country's economy is described with the following parameters: Y=9000, G=1500, T=500, C=300+(1/2)(Y-T), I=2500-30r, NX-1200-150Excangerate, and r is 11 (world interest rates). Find equilebrium exchange rate approximately for this country.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I need both answers i will get upvote

A country's economy is described with the following parameters: Y=9000, G=1500, T=500, C-300+(1/2)(Y-T), I-2500-30r, NX-1200-150Excangerate, and r is 11 (world interest rates). Find equilebrium exchange rate approximately for this country. a. 5.80 b. 7.13 c. 8.00 d. 9.80 e. 2.80 A country's Cobb-Douglas production function is as follows: Y= 5K^(1/2)L^(1/2). If this country has 10,000 unit of capital and 750 workers, find the real wage approximately. a. 1.21 b. 0.85 c. 0.99 O d. 0.66 e. 0.55 Clear my choice
Transcribed Image Text:A country's economy is described with the following parameters: Y=9000, G=1500, T=500, C-300+(1/2)(Y-T), I-2500-30r, NX-1200-150Excangerate, and r is 11 (world interest rates). Find equilebrium exchange rate approximately for this country. a. 5.80 b. 7.13 c. 8.00 d. 9.80 e. 2.80 A country's Cobb-Douglas production function is as follows: Y= 5K^(1/2)L^(1/2). If this country has 10,000 unit of capital and 750 workers, find the real wage approximately. a. 1.21 b. 0.85 c. 0.99 O d. 0.66 e. 0.55 Clear my choice
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