Homework Answers
Here, Y(aggregate output) =1000, G=T=200 (Balanced budget) C=200+0.6Y, I=100
a:- ans Disposable income (Yd) =Y—T=1000—200=800
Aggregate Consumption =200+0.6(Y—T)=200+0.6*800
=200+480=680
Aggregate Saving = Yd—C=800—680=120
Aggregate expenditure =C+I+G =680+100+200=980
Unplanned inventory change =Y—(C+I+G) =1000 —980
20
b:-ans now aggregate output (Y) =1250
Disposable income (Yd) =Y—T=1250—200=1050
Aggregate Consumption =200+0.6(1250—200)
=200+0.6*1050=200+630=830
Aggregate Saving =Yd—C=1050 —830=220
Planned aggregate expenditure =C+I+G=830+100+200=1130
Unplanned Inventory Change =Y—(C+I+G) =1250—1130=120
C:-ANS b and C both are Same.
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