consider a simple Macroeconomic Model With the following equations: C=500 + 0.9 YD I=650 G=1000 T=0.3Y X=700 IM= 0.23Y a) calculate equilibrium national level of income b) calculate the governments...

consider a simple Macroeconomic Model<br>With the following equations:<br>C=500 + 0.9 YD<br>I=650<br>G=1000<br>T=0.3Y<br>X=700<br>IM= 0.23Y<br>a) calculate equilibrium national level of<br>income<br>b) calculate the governments budget balance<br>at the equilibrium national level of income<br>c) calaculate the countrys trade balance<br>d) calculate the mulitplier for this economy<br>

Extracted text: consider a simple Macroeconomic Model With the following equations: C=500 + 0.9 YD I=650 G=1000 T=0.3Y X=700 IM= 0.23Y a) calculate equilibrium national level of income b) calculate the governments budget balance at the equilibrium national level of income c) calaculate the countrys trade balance d) calculate the mulitplier for this economy

Jun 07, 2022

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consider a simple Macroeconomic Model With the following equations: C=500 + 0.9 YD I=650 G=1000 T=0.3Y X=700 IM= 0.23Y a) calculate equilibrium national level of income b) calculate the governments...

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