Consider the economy below and use the Keynesian model provided to answer the questions that follow. Economy A Consider the following Keynesian model for an economy: C =R180 million C = 0.75 T= R120 million G = R200 million t= 0.2 Y, = R2 700 million T= tY C= C + c(1- t)Y Equilibrium income: Y = C +1+ G Disposable income: Yd = (1-t)Y NOTE: Round off answers to two decimals. Final values should be expressed in millions of rand.

Consider the economy below and use the Keynesian model provided to answer the questions that follow. Economy A Consider the following Keynesian model for an economy: C =R180 million C = 0.75 T= R120 million G = R200 million t= 0.2 Y, = R2 700 million T= tY C= C + c(1- t)Y Equilibrium income: Y = C +1+ G Disposable income: Yd = (1-t)Y NOTE: Round off answers to two decimals. Final values should be expressed in millions of rand.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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