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Suppose an economy is characterized by the following equations C-260+0.6 Yd Yd-Y-T I-250 G-250 T =...
Suppose that the economy is characterized by the following behavioral equations, in which all macroeconomic aggregate...
Suppose that the economy is characterized by the following behavioral equations, in which all macroeconomic aggregate are measured in billions of Namibian dollars, N$: C = 160 + 0.6Yd I = 150 G = 150 T = 100 Solve for Equilibrium GDP (Y) Disposable income ( Yd ) Consumption spending ( C ) Multiplier for government expenditure and interpret it.
1) Suppose an economy is characterized by the following equations. Y = C+/+G Y = 10,500...
1) Suppose an economy is characterized by the following equations. Y = C+/+G Y = 10,500 G = 800 TA = 1000 S = 1600+ 0.1(Y-TA) + 20001 1 = 600+ 0.20Y - 30001 Where Y is real GDP, G is government purchases of goods and services, S is total national savings, is the nominal rate of interest and I is total investment. There are no transfers in this economy and agents can only consume or save their income. a)...
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T...
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T = (1/5)Y 1 = 200 G = 400 X = 300 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium level of national income....
Imagine the economy is defined by the consumption function of C = 140 + 0.9 (Yd)...
Imagine the economy is defined by the consumption function of C = 140 + 0.9 (Yd) where 140 is autonomous consumption, 0.9 is marginal propensity to consume, and Yd is disposable income (after taxes) and Yd=Y-T, where Y is national income (or GDP) and T=Tax Revenues=0.3Y (0.3 is the avg. income tax rate). To find the macro equilibrium use the following equation Y = C + I + G + (X - M). Where C=140 + 0.9(Yd), I=400, G=800, X=600,...
6. Suppose the economy is characterized by the following behavioral equations: C = 1,500+.6YD I= 2.000...
6. Suppose the economy is characterized by the following behavioral equations: C = 1,500+.6YD I= 2.000 - 10,000 G= 2,000 T= 2.000 a. At an interest rate of 10%, solve for equilibrium income (Y). disposable income (Y). consumption (C), investment (1), private saving, and public saving. b. What is the marginal propensity to consume in this economy? c. Now suppose that instead of taxes being a fixed quantity, taxes vary with income (as in many countries like the United States)...
An economy is described by the following equations: Y = C + I + G C...
An economy is described by the following equations: Y = C + I + G C = 0.75 YD + 20 T = 0.2 Y + 4 G = 20 I = 25 Calculate equilibrium output and equilibrium private and public saving. With how much does equilibrium output falls, if government reduces government expenditure with 1 unit? Explain the event in b) for the multiplier diagram
M.4 1. Suppose the United States economy is represented by the following equations: Z=C+I+G YD=Y-T I...
M.4
1. Suppose the United States economy is represented by the following equations: Z=C+I+G YD=Y-T I = 30 C = 100 + 5YD G= 100 T = 200 a) Which variables are endogenous and which are exogenous? b) Calculate equilibrium levels of output, consumption and disposable income c) What is the multiplier for this economy d) What is the effect of increasing G by $100 on Y and the deficit
ONLY 5-11 BELOW A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100...
ONLY 5-11 BELOW A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T = (1/5)Y I = 200 G = 400 X = 300 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium level...
3. Suppose that the economy is characterized by the following: C 160.6Yd, I150, G What is...
3. Suppose that the economy is characterized by the following: C 160.6Yd, I150, G What is the current level of disposable income, consumption and saving? Assume output in this economy equal to 900, compute total demand. Is it equal to production? Explain. For output to increase to 1000, how much additional investment is needed? Given the above information, G is larger than T, what will happen if you raise T = 150? 150, T 100, NE 0. (Note; Yd is...
We have the following model of the economy: (I)Y-C+S+T (2) E-C+I+G (3) Y E (4) C-(YD. CA (5) S-s(...
1-5
We have the following model of the economy: (I)Y-C+S+T (2) E-C+I+G (3) Y E (4) C-(YD. CA (5) S-s(YD SA) (6) I=IA 7) G-GA (8) T TA (9) YD Y T (10) Deficit =G-T The following data for equilibrium values will help in this problem. G-800 I 30 T=650 Y'=5,000 Calculate 1. the equilibrium value of consumption 2. marginal propensity to consume (AC/AY) 3. the expenditure multiplier 4. The government budget now has an imbalance ofThis is a DEFICIT...
1) Suppose an economy is characterized by the following equations. Y = C+/+G Y = 10,500 G = 800 TA = 1000 S = 1600+ 0.1(Y-TA) + 20001 1 = 600+ 0.20Y - 30001 Where Y is real GDP, G is government purchases of goods and services, S is total national savings, is the nominal rate of interest and I is total investment. There are no transfers in this economy and agents can only consume or save their income. a)...
A5-10. Suppose the following aggregate expenditure model describes an economy: C = 100 + (5/6)Yd T = (1/5)Y 1 = 200 G = 400 X = 300 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium level of national income....
6. Suppose the economy is characterized by the following behavioral equations: C = 1,500+.6YD I= 2.000 - 10,000 G= 2,000 T= 2.000 a. At an interest rate of 10%, solve for equilibrium income (Y). disposable income (Y). consumption (C), investment (1), private saving, and public saving. b. What is the marginal propensity to consume in this economy? c. Now suppose that instead of taxes being a fixed quantity, taxes vary with income (as in many countries like the United States)...
M.4
1. Suppose the United States economy is represented by the following equations: Z=C+I+G YD=Y-T I = 30 C = 100 + 5YD G= 100 T = 200 a) Which variables are endogenous and which are exogenous? b) Calculate equilibrium levels of output, consumption and disposable income c) What is the multiplier for this economy d) What is the effect of increasing G by $100 on Y and the deficit
3. Suppose that the economy is characterized by the following: C 160.6Yd, I150, G What is the current level of disposable income, consumption and saving? Assume output in this economy equal to 900, compute total demand. Is it equal to production? Explain. For output to increase to 1000, how much additional investment is needed? Given the above information, G is larger than T, what will happen if you raise T = 150? 150, T 100, NE 0. (Note; Yd is...
1-5
We have the following model of the economy: (I)Y-C+S+T (2) E-C+I+G (3) Y E (4) C-(YD. CA (5) S-s(YD SA) (6) I=IA 7) G-GA (8) T TA (9) YD Y T (10) Deficit =G-T The following data for equilibrium values will help in this problem. G-800 I 30 T=650 Y'=5,000 Calculate 1. the equilibrium value of consumption 2. marginal propensity to consume (AC/AY) 3. the expenditure multiplier 4. The government budget now has an imbalance ofThis is a DEFICIT...
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