Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 24, 2024

Use the following information to answer the questionbelow. C = 1000 + .8(Y-T) I = 800 G = 1800 T = 1000 The equilibrium level

Use the following information to answer the questionbelow.
C = 1000 + .8(Y-T)
I = 800
G = 1800
T = 1000
The equilibrium level of GDP for the above economy equals:

a.10000

b.14000

c.16000

d.20000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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 A Problem-Solving Approach

Authors: Luke M. Froeb, Brain T. Mccann

2nd Edition

B00BTM8FK0

More Books

Students also viewed these Economics questions

Question

★★★★★

Certain merchandising transactions for Yule Park Gifts are listed below. November 2: Purchased 110 souvenir calendars at $9 each from Aloha Co. for cash Nov 4: Paid shipping costs $38 for the...

Answered: 1 week ago

Question

★★★★★

Explain the difference between a tax issue and a research question.

Answered: 1 week ago

Question

★★★★★

The Loan class in Listing 10.2 does not implement Serializable. Rewrite the Loan class to implement Serializable. Write a program that creates five Loan objects and stores them in a file named...

Answered: 1 week ago

Question

★★★★★

A machine works for an exponentially distributed time with rate and then fails. A repair crew checks the machine at times distributed according to a Poisson process with rate ; if the machine is...

Answered: 1 week ago

Question

★★★★★

Dobler Company just took its physical inventory on December 31. The count of inventory items on hand at the companys business locations resulted in a total inventory cost of $300,000. In reviewing...

Answered: 1 week ago

Question

★★★★★

How is the mortgage interest credit treated on the California return? a.The credit is claimed as an adjustment to income rather than as a credit. b.There is no mortgage interest credit in California;...

Answered: 1 week ago

Question

★★★★★

Why not always do a bottom-up budget? You will better understand the budget, which sounds like there will be fewer mistakes or surprises. What do you think?

Answered: 1 week ago

Question

★★★★★

Two PFC Channel2 are welded together to form the composite section as shown in Figure (a). The channel properties are given in Figure (b) where x and y indicate centroidal axes. a) Figure (a) y....

Answered: 1 week ago

Question

★★★★★

step a = 7 minutes , Step B = 3 minutes, Step C 10 minutes, Step D = 6 minutes, Step E = 5 minutes If you could add one more resource to one of the steps (assuming each step is currently being done...

Answered: 1 week ago

Question

★★★★★

Given the following PMF: Px(k) = LA LT 18 12 0 for k = 1 for k = 2 for k = 3 for k = 4 otherwise (a) Find and plot the CDF. (b) Find Var(X) (c) Let Y = 2/X. Find E[Y]

Answered: 1 week ago

Question

★★★★★

On January 1 , Year 1 , Marino Moving Company paid $ 4 8 , 0 0 0 cash to purchase a truck. The truck was expected to have a four year useful life and an $ 8 , 0 0 0 salvage value. If Marino uses the...

Answered: 1 week ago

Question

★★★★★

FE/EIT - Static analysis of a wheel (spool) pulled by a rope (See spool dynamics in Hw 15.5). The figure to the right shows a rigid body B consisting of an axle and wheel. One end of a thin...

Answered: 1 week ago

Question

★★★★★

Which of the following documents is issued by the IRS to a specific taxpayer? revenue procedure regulation information release letter ruling

Answered: 1 week ago

Question

★★★★★

Time Travel Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $25,000 to help organize the corporation. Time Travel also issued...

Answered: 1 week ago

Question

★★★★★

How do quality practices that originated in the manufacturing industry differ from the traditional quality practices of healthcare organizations? p-69

Answered: 1 week ago

Question

★★★★★

demonstrate the steps involved in developing performance measures; lop5

Answered: 1 week ago

Question

★★★★★

document the effectiveness of the overall program to enhance patient care and ensure sound clinical performance. p-69

Answered: 1 week ago

Previous Question Next Question