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ENTER THE FINAL ANSWER ONLY. NO WORKINGS, NO DOLLAR SIGN, JUST THE NUMBER. Given C = 820 0.25Yd T = 0.2Y I = 320 M
ENTER THE FINAL ANSWER ONLY. NO WORKINGS, NO DOLLAR SIGN, JUST THE NUMBER. Given C = 820 0.25Yd T = 0.2Y I = 320 M = 200 G = 350 X = 190 Calculate: (a) Autonomous expenditure. (b) Induced expenditure. (c) Equilibrium real GDP. (d) Budget deficit/surplus when economy in equilibrium. (e) Aggregate expenditure multiplier. (f) Tax multiplier. (g) If investment expenditure falls to 100, use the multiplier to determine the change in real GDP. (h) What is the new value of equilibrium real GDP? (i) If taxes are now 1000. Use the tax multiplier to determine the change in real GDP. (j) What is the new equilibrium value of real GDP
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