Question 18 Consider a simple macroeconomic model with the following equations: Not yet answered C=4000+0.88YD Marked out of 1=3600 1.00 G=4300 Flag question T=0.25Y X=5000 IM=0.16Y Calculate the country's trade balance at the equilibrium level of national income. Select one: O a. A deficit of 408 b. A deficit of 102 C. A surplus of 102 O d. A surplus of 408 Question 19 Consider a simple macroeconomic model with the following equations: Not yet answered C=4000+0.88YD Marked out of 1=3600 1.00 G=4300 \\ Flag question T=0.25Y X=5000 IM=0.16Y Calculate the multiplier for this economy.Question 20 Consider a simple macroeconomic model with the following equations: Not yet answered C=4000+0.88YD Marked out of 1=3600 1.00 G=4300 Flag question T=0.25Y X=5000 IM=0.16Y What is the impact on the equilibrium level of national income if investment spending is increased by 500? Select one: O a. An increase of 500 O b. An increase of 1,000 O c. An increase of 1,500 O d. A decrease of 500Question 16 Consider a simple macroeconomic model with the following equations: Not yet answered C=4000+0.88YD Marked out of 1=3600 1.00 G=4300 \\ Flag question T=0.25Y X=5000 IM=0.16Y Calculate the equilibrium level of national income Select one: O a. 29,760 O b. 30,500 O C. 31,887 O d. 33,800 Question 17 Consider a simple macroeconomic model with the following equations: Not yet answered C=4000+0.88YD Marked out of 1=3600 1.00 G=4300 \\ Flag question T=0.25Y X=5000 IM=0.16Y Calculate the government's budget balance at the equilibrium level of national income