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Assume the following model of the expenditure sector: C= 420 + (4/5) YD T= 50 I = 160 G = 180 NX= - 40 Calculate
Assume the following model of the expenditure sector:
C= 420 + (4/5) YD
T= 50
I = 160
G = 180
NX= - 40
- Calculate the multiplier?
- Calculated the Autonomous Spending?
- Calculate the level of GDP?
- If Government increases the G by $150, What is the equilibrium GDP?
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