Question
Consider an economy with the following values: Autonomous Consumption = 950 Autonomous Taxes = 1,750 Planned Investment = 3,000 Government Expenditure = 2,050 Autonomous Net
Consider an economy with the following values:
Autonomous Consumption = 950
Autonomous Taxes = 1,750
Planned Investment = 3,000
Government Expenditure = 2,050
Autonomous Net Exports = 350
Marginal Propensity to Consume = 0.7
Marginal tax rate = 0.1
Marginal propensity to import = 0.16
Calculate the equilibrium level of income.Provide answer to 2 decimal points
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Green Jobs For Sustainable Development
Authors: Ana Maria Boromisa, Sanja Tišma
1st Edition
131775185X, 9781317751854
