For the data in the following table, the consumption function is C = 800 + 0.6(Y – T). Fill in the columns in the table and identify the equilibrium output. Output Net Taxes Disposable Income Consumption Saving Planned Investment Government Expenditure Planned AE Unplanned Inventory change 2100 100 300 400 2600 3100 3600 4100 4600
For the data in the following table, the consumption function is C = 800 + 0.6(Y – T). Fill in the columns in the table and identify the equilibrium output. Output Net Taxes Disposable Income Consumption Saving Planned Investment Government Expenditure Planned AE Unplanned Inventory change 2100 100 300 400 2600 3100 3600 4100 4600
Chapter9: Aggregate Expenditures
Section: Chapter Questions
Problem 6E
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Q8. For the data in the following table, the consumption function is C = 800 + 0.6(Y – T). Fill in the columns in the table and identify the equilibrium output.
Output |
Net Taxes |
Disposable Income |
Consumption |
Saving |
Planned Investment |
Government Expenditure |
Planned AE |
Unplanned Inventory change |
2100 |
100 |
|
|
|
300 |
400 |
|
|
2600 |
|
|
|
|
|
|
|
|
3100 |
|
|
|
|
|
|
|
|
3600 |
|
|
|
|
|
|
|
|
4100 |
|
|
|
|
|
|
|
|
4600 |
|
|
|
|
|
|
|
|
5100 |
|
|
|
|
|
|
|
|
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ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning