1 B/ Consider the Open Economy with Government Participation (i.e. the Mixed Economy):Planned Expenditures: AE = C +1+ G +X - IMConsumption: C = 346 + 0.8 (Y- T)%3DNet Tax Revenue: T = 110 + 0.22 YGross Investment: I = 520Government Expenditures: G = 770Exports: X = 843%3DImports: IM = 114 + 0.09 YPotential Output: Yp = 4,872For answers with decimals, use two (2) decimal places.Part 7: We can write the Aggregate Expenditures equation as: AE = 22770.09(Y).+Part 8: Calculate the Expenditures Multiplier for the Mixed Economy. 4.55Part 9: Calculate the Autonomous Tax Multiplier for the Mixed Economy. 0.41Part 10: Calculate the Balanced-Budget Multiplier for the Mixed Economy. 4.14Part 11: Calculate the equilibrium ouput (Yº) for the Mixed Economy. -10705Part 12: Calculate the change in Government Expenditures (AG) required to close the output gap (Yf-Ye). NumberPart 13: Calculate the change in autonomous Taxes (ATo) required to close the output gap (Yf-Ye). NumberPart 14: The expenditures multiplier Numberfor the Open Economy with Government Participation (Mixed Economy) isthe expenditures multiplier Numberfor the Closed Economy with no Government ParticipationClick for Listbecause Click for ListPart 15: Calculate Total Injections at the equilibrium rate of output: NumberPart 16: Calculate Total Leakage at the equilibrium rate of output: Number B/ Consider the Open Economy with Government Participation (i.e. the Mixed Economy):Planned Expenditures: AE = C +1+ G +X - IMConsumption: C = 346 + 0.8 (Y- T)Net Tax Revenue: T = 110 + 0.22 YGross Investment: I = 520Government Expenditures: G = 770Exports: X = 843Imports: IM = 114 + 0.09 YPotential Output: Yp = 4,872For answers with decimals, use two (2) decimal places.Part 7: We can write the Aggregate Expenditures equation as: AE = 22770.09(Y).+Part 8: Calculate the Expenditures Multiplier for the Mixed Economy. 4.55Part 9: Calculate the Autonomous Tax Multiplier for the Mixed Economy. 0.41Part 10: Calculate the Balanced-Budget Multiplier for the Mixed Economy. 4.14Part 11: Calculate the equilibrium ouput (Y®) for the Mixed Economy.-10705Part 12: Calculate the change in Government Expenditures (AG) required to close the output gap (Yf-Ye). NumberPart 13: Calculate the change in autonomous Taxes (ATo) required to close the output gap (Yf-Ye). NumberPart 14: The expenditures multiplier Numberfor the Open Economy with Government Participation (Mixed Economy) isClick for Listthe expenditures multiplier Numberfor the Closed Economy with no Government Participationlarger thanequal tosmaller thanections at the equilibrium rate of output: Numberindeterminate withindistinguishable fromakage at the equilibrium rate of output: Number

Dear student, you have asked multiple sub-part questions in a single post.In such a case, I will be…

B/ Consider the Open Economy with Government Participation (i.e. the Mixed Economy): Planned Expenditures: AE = C +1+ G +X - IM Consumption: C = 346 + 0.8 (Y- T) Net Tax Revenue: T = 110 + 0.22 Y Gross Investment: I = 520 Government Expenditures: G = 770 Exports: X = 843 Imports: IM = 114 + 0.09 Y Potential Output: Yp = 4,872 For answers with decimals, use two (2) decimal places. Part 7: We can write the Aggregate Expenditures equation as: AE = 2277 + 0.09 (Y). Part 8: Calculate the Expenditures Multiplier for the Mixed Economy. 4.55 Part 9: Calculate the Autonomous Tax Multiplier for the Mixed Economy. 0.41

B/ Consider the Open Economy with Government Participation (i.e. the Mixed Economy): Planned Expenditures: AE = C +1+ G +X - IM Consumption: C = 346 + 0.8 (Y- T) Net Tax Revenue: T = 110 + 0.22 Y Gross Investment: I = 520 Government Expenditures: G = 770 Exports: X = 843 Imports: IM = 114 + 0.09 Y Potential Output: Yp = 4,872 For answers with decimals, use two (2) decimal places. Part 7: We can write the Aggregate Expenditures equation as: AE = 2277 + 0.09 (Y). Part 8: Calculate the Expenditures Multiplier for the Mixed Economy. 4.55 Part 9: Calculate the Autonomous Tax Multiplier for the Mixed Economy. 0.41

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 3PA

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