Question
If Ta = 1,100, mpt = 0.2; Sa = -3,260;mpc = 0.8;I = 7,220; G =4,150; and Tr = 1,270. Derive the equilibrium income using
If Ta = 1,100, mpt = 0.2; Sa = -3,260;mpc = 0.8;I = 7,220; G =4,150; and Tr = 1,270. Derive the equilibrium income using the multiplier approach and the derive the values of Consumption, Savings and Taxes at Ye.
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Basic Econometrics
Authors: Damodar N. Gujrati, Dawn C. Porter
5th edition
73375772, 73375779, 978-0073375779
