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An economy is described by the following equations: C 2,000 + 0.75 (YT) IP = 1000 G 1,800 NX = 100 T = 1,800
An economy is described by the following equations: C 2,000 + 0.75 (YT) IP = 1000 G 1,800 NX = 100 T = 1,800 Y* = 15,000 a. Find a numerical equation linking planned aggregate expenditure to output. Instructions: Round the value for mpc to one decimal place. PAE= 3550+ 0.8 Y b. Find autonomous expenditure and induced expenditure in this economy. Instructions: Round the value for mpc to one decimal place. Autonomous expenditure: Induced expenditure: 3550 0.8 Y
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