Question
Assume that equilibrium GDP ( Y ) is 5,000. Consumption ( C ) is given by the equation C = 500 + 0.6 Y -
Assume that equilibrium GDP (Y) is 5,000. Consumption (C) is given by the equationC= 500 + 0.6Y-T). Taxes (T) are equal to 1,000. Government spending is 600. In this case, equilibrium investment is:
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The Economics Of Inequality
Authors: Thomas Piketty, Arthur Goldhammer
1st Edition
0674504801, 9780674504806
