Given the following system of equations about the economy of Saudi Ariba : C = 30 + 0.5Yd |= 400 G = 500 T = 200 + 0.3y 1- Find the Equilibrium Output (Y)? 2- Find value of consumption in equilibrium? 3- Find value of saving in equilibrium?

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Assignment 1
Intermediate Macroeconomics Econ 302
Given the following system of equations about the economy of Saudi Ariba :
C = 30 + 0.5Yd
I= 400
G = 500
T = 200 + 0.3y
1- Find the Equilibrium Output (Y)?
2- Find value of consumption in equilibrium?
3- Find value of saving in equilibrium?
4- Graphicly illustrate the production curve, the demand curve and
determine the equilibriumpoint?
5- Suppose that the government increase the spending to 600. What is the
effectn the equilibrium? Show the change in diagram.
Transcribed Image Text:Assignment 1 Intermediate Macroeconomics Econ 302 Given the following system of equations about the economy of Saudi Ariba : C = 30 + 0.5Yd I= 400 G = 500 T = 200 + 0.3y 1- Find the Equilibrium Output (Y)? 2- Find value of consumption in equilibrium? 3- Find value of saving in equilibrium? 4- Graphicly illustrate the production curve, the demand curve and determine the equilibriumpoint? 5- Suppose that the government increase the spending to 600. What is the effectn the equilibrium? Show the change in diagram.
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