Answered: Table 27-1 Y= C+I+ G C- 500 - 0.S(Y-T)…

Table 27-1 Y= C+I+ G C- 500 - 0.S(Y-T) I- 300 G- 700 T- 0.25Y Refer to Table 27-1. What is the level of tax revenues in this model? O a.437.5 O b.1,000 OC 945.5 O0.937.5 Oe. 950

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Table 27-1
Y- C+I-G
C- s00 - 0.S(Y – T)
I-
300
G- 700
T- 0.25Y
Table 27-1
Y= C+I+G
C- 500 - 0.S(Y-T)
I-
300
G- 700
T- 0.25Y
Refer to Table 27-1. What is the level of tax revenues in this model?
O a. 437.5
O 0. 1,000
OC 945.5
O0.937.5
O e.950

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