Assume that in 2016 the folowing prevals in the Republic of Nurd Govemment spending (G)= 50 Net taxes (T) s0 Planned investment )-$30 Assume that househoids in Nurd contume 75 percent of heir income, they save 25 percent of their income. Thun, the consumption function and s C+075Y, and S=0.25Y, where disposabie income Y Determine the equilitrium level of income Equilitrum income = $ (Enter your reaponse an an integer.)
Assume that in 2016 the folowing prevals in the Republic of Nurd Govemment spending (G)= 50 Net taxes (T) s0 Planned investment )-$30 Assume that househoids in Nurd contume 75 percent of heir income, they save 25 percent of their income. Thun, the consumption function and s C+075Y, and S=0.25Y, where disposabie income Y Determine the equilitrium level of income Equilitrum income = $ (Enter your reaponse an an integer.)
Principles of Macroeconomics (MindTap Course List)
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ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Savings,Investment And The Financial System
Section: Chapter Questions
Problem 2QCMC
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![Assume that in 2016, the followng prevals n the Republic of Nurd
Goverment spending (0) 50
Not taxos (T)- 50
Planned investment - S30
Assume that househoids in Nurd censume 75 percent of heir income, they save 25 percent of their income. Thun, the consumption function and saving function of Nurd re
C-075Y, and S=025Y. where disposabile income YY-T
Determine the equilitrium level of income
Equilibrium income =$(Enter your reaponse as an integer.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92a9a4a2-c2a7-472a-af88-f736e7dbcda5%2Fd274b559-9861-4838-a448-4f390738a005%2Frgk586p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assume that in 2016, the followng prevals n the Republic of Nurd
Goverment spending (0) 50
Not taxos (T)- 50
Planned investment - S30
Assume that househoids in Nurd censume 75 percent of heir income, they save 25 percent of their income. Thun, the consumption function and saving function of Nurd re
C-075Y, and S=025Y. where disposabile income YY-T
Determine the equilitrium level of income
Equilibrium income =$(Enter your reaponse as an integer.)
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