Question One The data below is for the small economy of Christodea in 2015. Consumption: C = 500 + 0.75Y, Net taxes: 7 = 20+ 0.2Y Planned investment:1= 525 Government expenditure: G = 800 Exports: X = 250 Imports: M = 260 + 0.1Y Calculate the following: a) The economy's planned expenditure function. b) Equilibrium national income. c) Total national savings.

Question One The data below is for the small economy of Christodea in 2015. Consumption: C = 500 + 0.75Y, Net taxes: 7 = 20+ 0.2Y Planned investment:1= 525 Government expenditure: G = 800 Exports: X = 250 Imports: M = 260 + 0.1Y Calculate the following: a) The economy's planned expenditure function. b) Equilibrium national income. c) Total national savings.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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