Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The macroeconomy of a country is shown as follows C = 300 + 0.75 (Y - T) I = 100 G = 200 NX =75

The macroeconomy of a country is shown as follows C = 300 + 0.75 (Y - T) I = 100 G = 200 NX =75 T = 100 (T applies to taxes; NX is net exports.) The equilibrium national income Y for this economy is (i). Since the government expenditure multiplier is (ii), the equilibrium national income is (iii) when government expenditure G is 225.

(i)A. 2100 B. 2200 C. 2400 D. 2500

(ii)A. 3 B. 4 C. 5 D. 6

(iii)A. 2100 B. 2200 C. 2400 D. 2500

Detailed calculation process plz.Thank you

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

Managerial Economics

Authors: Mark Hirschey

14th edition

9781473709263, 1473709261, 1473717343, 1473717345, 978-1305506381

More Books

Students also viewed these Economics questions

Question

a. 9.4456 b. 5 a 4 \% C 11,20% in d. 8025 s. 0.7,959

Answered: 1 week ago

Question

Peoples understanding of what is being said

Answered: 1 week ago