A step by step solution has been provided. The following data are for the economy of Moksha.C-25 0.7Y1-60a. Calculate equilibrium GDP.Equilibrium GDP is $ 580b. Calculate the multiplier Round your answer to 2 decimal places.The multiplier isc. If the tax function is T20+0.2Y, the size of the budget deficit is $ 53.8Round your answer to 1 decimal place.d. Now, change government spending, by the size of the surplus, or deficit, in an attempt to balance the budget. What will be the newequilibrium income? Round your answer to 1 decimal place.New equilibrium GDP is $347.3e. At the new equilibrium there is a budget deficit os $G-160X-45-0.2Y16.8. Round your answer to 2 decimal places.

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The following data are for the economy of Moksha. C-25 0.7Y 1-60 a. Calculate equilibrium GDP. Equilibrium GDP is $ 580 b. Calculate the multiplier Round your answer to 2 decimal places. The multiplier is 2 c. If the tax function is T20+0.2Y, the size of the budget deficit is $ G-160 X-45-0.2Y 53.8 Round your answer to 1 decimal place.

The following data are for the economy of Moksha. C-25 0.7Y 1-60 a. Calculate equilibrium GDP. Equilibrium GDP is $ 580 b. Calculate the multiplier Round your answer to 2 decimal places. The multiplier is 2 c. If the tax function is T20+0.2Y, the size of the budget deficit is $ G-160 X-45-0.2Y 53.8 Round your answer to 1 decimal place.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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