Question
The economy is described by the following equations: Y = C + I + G (no trade) Y = 7,000 G = 2,000 T =
The economy is described by the following equations:
Y = C + I + G (no trade)
Y = 7,000
G = 2,000
T = 2,000
C = 900 + 0.7*(Y-T)
I = 1,500 - 30r
In equilibrium, total savings (that is, the sum of public and private savings) equal:
450
None of the above/below
550
600
500
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Econometric Analysis Of Cross Section And Panel Data
Authors: Jeffrey M Wooldridge, J M Wooldridge
2nd Edition
0262232588, 9780262232586
