Would like all parts answered please Given the following on a closed economy.C = 40 + 0.8YdC= consumptionI= InvestmentI = 55 – 200,G = government spendingТ- ТахesG = 20T = 20T=Ye = 400Ye = National Incomer = rate of interestDetermine the following:a. The equilibrium level of consumptionb. The level of investmentС.The level of interest rate

A closed economy is the one which does not trade with other economies with respect to goods and…

Given the following on a closed economy. C = 40 + 0.8Yd C= consumption I= Investment I = 55 – 200 G = government spending T = Taxes G = 20 %3D T = 20 Ye = 400 Ye = National Income r = rate of interest Determine the following: a. The equilibrium level of consumption b. The level of investment c. The level of interest rate

Given the following on a closed economy. C = 40 + 0.8Yd C= consumption I= Investment I = 55 – 200 G = government spending T = Taxes G = 20 %3D T = 20 Ye = 400 Ye = National Income r = rate of interest Determine the following: a. The equilibrium level of consumption b. The level of investment c. The level of interest rate

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 6E

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