Use the information below for a four sector economy, answer the following questions: C 550 +0.5 Yd T = 90 | = 150 G = 700 X = 150 M = 100+ 0.2 Y C = Consumption function T = Tax function I = Investment function G = Government expenditures function X = Export function M = Import function Y = National Income YD Disposable Income function = Yf = Full Employment Income Ye =Equilibrium income a. What is the value of autonomous expenditures? Number b. What is the slope of aggregate expenditure? Number c. What is the value of equilibrium GDP? Number d. What is the value of the autonomous tax multiplier? Number e. What is the value of Consumption (C) at equilibrium? Number f. What is the value of Savings at equilibrium? Number
Use the information below for a four sector economy, answer the following questions: C 550 +0.5 Yd T = 90 | = 150 G = 700 X = 150 M = 100+ 0.2 Y C = Consumption function T = Tax function I = Investment function G = Government expenditures function X = Export function M = Import function Y = National Income YD Disposable Income function = Yf = Full Employment Income Ye =Equilibrium income a. What is the value of autonomous expenditures? Number b. What is the slope of aggregate expenditure? Number c. What is the value of equilibrium GDP? Number d. What is the value of the autonomous tax multiplier? Number e. What is the value of Consumption (C) at equilibrium? Number f. What is the value of Savings at equilibrium? Number
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Round to 2 decimal digits plz
Transcribed Image Text:Use the information below for a four sector economy, answer the
following questions:
C 550 +0.5 Yd
T = 90
| = 150
G = 700
X = 150
M = 100+ 0.2 Y
C = Consumption function
T = Tax function
I = Investment function
G = Government expenditures function
X = Export function
M = Import function
Y = National Income
YD Disposable Income function
=
Yf = Full Employment Income
Ye =Equilibrium income
a. What is the value of autonomous expenditures?
Number
b. What is the slope of aggregate expenditure? Number
c. What is the value of equilibrium GDP? Number
d. What is the value of the autonomous tax multiplier?
Number
e. What is the value of Consumption (C) at equilibrium?
Number
f. What is the value of Savings at equilibrium? Number
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