consider a simple Macroeconomic Model With the following equations: C=500 + 0.9 YD I=650 G=1000 T=0.3Y X=700 IM= 0.23Y a) calculate equilibrium national level of income b) calculate the governments budget balance at the equilibrium national level of income c) calaculate the countrys trade balance d) calculate the mulitplier for this economy

consider a simple Macroeconomic Model With the following equations: C=500 + 0.9 YD I=650 G=1000 T=0.3Y X=700 IM= 0.23Y a) calculate equilibrium national level of income b) calculate the governments budget balance at the equilibrium national level of income c) calaculate the countrys trade balance d) calculate the mulitplier for this economy

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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