Answer the question on the basis of thefollowing information. The letters Y , Ca, Ig,Xn, G , and T stand for GDP, consumption,gross investment, net exports, governmentpurchases, and net taxes respectively. Figuresare in billions of dollars. C=10+.8Y Ca = 10 +.8Yd l= 40 X = 20 M= 5+0.1y G = 50 T =10+0.5y a) Find out the multiplier PrivateClosed Economy ,Mixed Open Economy b)Find out the equilibrium level of GDP usingthe five methods of equilibrium output for allmodels i-e Private Closed Economy, & MixedOpen Economy

A mixed economy is an economic system that combines free markets with government intervention in…

gross investment, net exports, government purchases, and net taxes respectively. Figures are in billions of dollars. C=10+.8Y Ca = 10 + .8Yd = 40 X 20 M= 5+0.1y G = 50 T = 10+0.5y a) Find out the multiplier Private Closed Economy, Mixed Open Economy b) Find out the equilibrium level of GDP using the five methods of equilibrium output for all models i-e Private Closed Economy, & Mixed Open Economy

gross investment, net exports, government purchases, and net taxes respectively. Figures are in billions of dollars. C=10+.8Y Ca = 10 + .8Yd = 40 X 20 M= 5+0.1y G = 50 T = 10+0.5y a) Find out the multiplier Private Closed Economy, Mixed Open Economy b) Find out the equilibrium level of GDP using the five methods of equilibrium output for all models i-e Private Closed Economy, & Mixed Open Economy

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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