The following data are for the economy of Moksha. G-170 X-50-9.1Y a Calculate equilibrium GDP Equilibrium GDP is $ b. Calculate the multiplier Round your answer to 2 decimal places. The multiplier is [ cf the tax function is T-20 0.2Y, the size of the budget (Click to select) is $[ Round 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 new equilibrium income? Round your answer to 1 decimal place. New equilibrium GDP is $ e. At the new equilibrium there is a budget (k to select) os $ < Prev Round your answer to 2 decimal places. 3 or 14

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The following data are for the economy of Moksha.
C-35+ 0.6Y
1-70
G-170
X-50-9.1Y
a Calculate equilibrium GDP.
Equilibrium GDP is $
b. Calculate the multiplier Round your answer to 2 decimal places.
The multiplier is [
cf the tax function is T-20 0.2Y, the size of the budget [(ack to select) is $
Round 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 new
equilibrium income? Round your answer to 1 decimal place.
New equilibrium GDP is $
e. At the new equilibrium there is a budget (Ck to select) os $
< Prev
Round your answer to 2 decimal places.
SAMSUNG
Not >
Transcribed Image Text:The following data are for the economy of Moksha. C-35+ 0.6Y 1-70 G-170 X-50-9.1Y a Calculate equilibrium GDP. Equilibrium GDP is $ b. Calculate the multiplier Round your answer to 2 decimal places. The multiplier is [ cf the tax function is T-20 0.2Y, the size of the budget [(ack to select) is $ Round 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 new equilibrium income? Round your answer to 1 decimal place. New equilibrium GDP is $ e. At the new equilibrium there is a budget (Ck to select) os $ < Prev Round your answer to 2 decimal places. SAMSUNG Not >
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