Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 5. Households consume 30 units. benefits regardless of the amount of income received and 80% of disposable income. Entrepreneurs invest 70 units. goods, and

Problem 5. Households consume 30 units. benefits regardless of the amount of income received and 80% of disposable income. Entrepreneurs invest 70 units. goods, and the state buys 60 units. good. State budget revenues are formed at the expense of 25% income tax; households receive 50 units from the state budget. benefits in the form of social benefits. Determine the difference between government revenues and expenditures.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: David C. Colander

10th edition

1259663043, 1259663048, 978-1259663048

More Books

Students also viewed these Economics questions

Question

Values: What is important to me?

Answered: 1 week ago

Question

Purpose: What do we seek to achieve with our behaviour?

Answered: 1 week ago