An economy has a consumption function: C = 400 + .9DI Investment is 1,000. Government purchases are 900 and net taxes are 400. Net exports are -50. From the model above, the equilibrium level of output is 19,900. b. 18,900. 17,000. d. 17,900. 16,500 a. с. е.

An economy has a consumption function: C = 400 + .9DI Investment is 1,000. Government purchases are 900 and net taxes are 400. Net exports are -50. From the model above, the equilibrium level of output is 19,900. b. 18,900. 17,000. d. 17,900. 16,500 a. с. е.

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

Confirm!!! ( Thanks in advance)

An economy has a consumption function:
C = 400 + .9DI
Investment is 1,000. Government purchases are 900 and net taxes are 400. Net exports are -50.
From the model above, the equilibrium level of output is
a. 19,900.
b. 18,900.
c. 17,000.
d. 17,900.
e. 16,500

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