Q2. QUANTITATIVE ( PLEASE FILL IN YOUR DIGIT ON THE RED UNDERSCORE SYMBOL In the country Pinarland, autonomous consumption (CA) is 1_0, marginal propensity to consume (C) is 0.9, investment expenditure (1) is 100, government spending (G) is 100, lump-sum tax collection (T) is 100, income tax rate (t) is 0.1, export (X) is 100 and import is given as M = 0.1yd Given the information, find a) the equilibrium output level, b) the budget balance c) the trade balance
Q2. QUANTITATIVE ( PLEASE FILL IN YOUR DIGIT ON THE RED UNDERSCORE SYMBOL In the country Pinarland, autonomous consumption (CA) is 1_0, marginal propensity to consume (C) is 0.9, investment expenditure (1) is 100, government spending (G) is 100, lump-sum tax collection (T) is 100, income tax rate (t) is 0.1, export (X) is 100 and import is given as M = 0.1yd Given the information, find a) the equilibrium output level, b) the budget balance c) the trade balance
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![Q2. QUANTITATIVE (
PLEASE FILL IN YOUR DIGIT ON THE RED UNDERSCORE SYMBOL
In the country Pinarland, autonomous consumption (CA) is 1_0, marginal propensity to consume (Cy) is 0.9, investment
expenditure (1) is 100, government spending (G) is 100, lump-sum tax collection (T) is 100, income tax rate (t) is 0.1, export
(X) is 100 and import is given as M = 0.1yd
Given the information, find
a) the equilibrium output level,
b) the budget balance
c) the trade balance](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5cb6374-1961-4553-a9c8-c8c2ede41613%2Fceb7df66-8995-4cec-bb27-16e0795a8832%2Fkqtgj2r_processed.png&w=3840&q=75)
Transcribed Image Text:Q2. QUANTITATIVE (
PLEASE FILL IN YOUR DIGIT ON THE RED UNDERSCORE SYMBOL
In the country Pinarland, autonomous consumption (CA) is 1_0, marginal propensity to consume (Cy) is 0.9, investment
expenditure (1) is 100, government spending (G) is 100, lump-sum tax collection (T) is 100, income tax rate (t) is 0.1, export
(X) is 100 and import is given as M = 0.1yd
Given the information, find
a) the equilibrium output level,
b) the budget balance
c) the trade balance
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