Question
Please show your work of estimations C = 300 + 0.8Yd; C = consumption function; Yd (Y-T) = disposable income I = 200; I =
Please show your work of estimations
C = 300 + 0.8Yd; C = consumption function; Yd (Y-T) = disposable income I = 200; I = Investment G = 400; G = Government expenditure T = 200; T = Tax revenue Also assume that Yf = Full employment GDP (Potential GDP) = 5,000
At the equilibrium level of output, the aggregate consumption level is:
a. 3,100
b. 3,250
c. 3,400
d. 3,625
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Principles Of Financial Accounting
Authors: John J Wild, Ken W Shaw, Barbara Chiappetta
22nd Edition
0077632893, 9780077632892
