Assume an economy where spending for each sector is: Household: C = 800 + 0.95Q Business: I = 3000 Public: G = 4000, Tr = 7000, Tx = 1000 + 0.3Q Foreign: X = 1700, Im = 200 + 0.165Q Solve for: Imports

Assume an economy where spending for each sector is: Household: C = 800 + 0.95Q Business: I = 3000 Public: G = 4000, Tr = 7000, Tx = 1000 + 0.3Q Foreign: X = 1700, Im = 200 + 0.165Q Solve for: Imports

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 4E

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Question

Assume an economy where spending for each sector is:

Household: C = 800 + 0.95Q
Business: I = 3000
Public: G = 4000, Tr = 7000, Tx = 1000 + 0.3Q
Foreign: X = 1700, Im = 200 + 0.165Q

Solve for: Imports

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