3. Pls answer letter E only. 31103The following data are for the economy of Moksha.C-40+ 0.8YI=70G= 210XN= 50 -0.2Ya. Calculate equilibrium GDP.Equilibrium GDP is $925b. Calculate the multiplier.Round your answer to 2 decimal places.The multiplier is 250.c. If the tax function is T=20+ 0.2Y, the size of the budget deficitis $ 5.0 Round your answer to 1 decimal place.d. Now, change government spending, by the size of the surplus, or deficit, in an attempt to balance the budget. What will be the newequilibrium income? Round your answer to 1 decimal place.New equilibrium GDP is $912e. At the new equilibrium there is a budget deficitos $< PrevSearchARound your answer to 2 decimal places.3 of 14HSAMSUNGNext >

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e. At the new equilibrium there is a budget deficit os $ 4 Round your answer to 2 decimal places.

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Chapter1: Making Economics Decisions

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Question

3. Pls answer letter E only.

31103
The following data are for the economy of Moksha.
C-40+ 0.8Y
I=70
G= 210
XN= 50 -0.2Y
a. Calculate equilibrium GDP.
Equilibrium GDP is $
925
b. Calculate the multiplier.Round your answer to 2 decimal places.
The multiplier is 250.
c. If the tax function is T=20+ 0.2Y, the size of the budget deficit
is $ 5.0 Round your answer to 1 decimal place.
d. Now, change government spending, by the size of the surplus, or deficit, in an attempt to balance the budget. What will be the new
equilibrium income? Round your answer to 1 decimal place.
New equilibrium GDP is $912
e. At the new equilibrium there is a budget deficit
os $
< Prev
Search
A
Round your answer to 2 decimal places.
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