The following data are for the economy of Moksha. G=180 XN-50 0.25Y C=40+0.75Y I=70 a. Calculate equilibrium GDP. Equilibrium GDP is $ b. Calculate the multiplier.Round your answer to 2 decimal places. The multiplier is c. If the tax function is T = 20+ 0.2Y, the size of the budget (Click to select) is $77. 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 equilibrium income? Round your answer to 1 decimal place. New equilibrium GDP is $ e. At the new equilibrium there is a budget (Click to selectos $ Prev Round your answer to 2 decimal places. 31 of 44 Nex>

The following data are for the economy of Moksha. G=180 XN-50 0.25Y C=40+0.75Y I=70 a. Calculate equilibrium GDP. Equilibrium GDP is $ b. Calculate the multiplier.Round your answer to 2 decimal places. The multiplier is c. If the tax function is T = 20+ 0.2Y, the size of the budget (Click to select) is $77. 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 equilibrium income? Round your answer to 1 decimal place. New equilibrium GDP is $ e. At the new equilibrium there is a budget (Click to selectos $ Prev Round your answer to 2 decimal places. 31 of 44 Nex>

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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