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- c = 400 + .60yd I = 200 Ytarget = 1875 a. calculate equilibrium disposable income for the one and two sector models b. calcualte the multipler c. what levels of government spending would be necessary to achieve the target level of income?Given the model for the Mary Island economy calculate the equilibrium level of income. Show your work. C = 100 + .7Yd G = 700 T = 500 I = 200identify the equilibrium level of income given y=600;,C=550; I=100 S=? solve for the S?
- don't use Al bot or chat GPT otherwise downvote.correct answer will get instant upvote show calculation Suppose the consumption factor is C= $100 + .8Y, initial national income Y + $800, and intended investment equals $20. The equilibrium level of national income is equal to. a) $600 b) $800 c) $700 d) $740 e) $760 give correct option with explanation and explain why others option are wrong .Using a three sector open circular flow of income model: a. Explain what is meant by equilibriumb. Explain the conditions for the circular flow of income to be in equilibriumWhat is the equation for private disposable income?a. Y + NFP + INT – Tb. T – TR – INT c. Y + NFP + INT – T – C d. T – TR – INT – G 2. Suppose your favorite economics professor is from Germany. The value of his teaching service counts towards (choose all that apply)a. U.S. GDPb. U.S. GNPc. German GDPd. German GNP
- Suppose the data BELOW is for a given year from the annual Economic Report of the President. Calculate GDP using the expenditure approach (Amount in billions of dollars): Corporate profits: $ 305Depreciation: $ 479Gross private domestic investment: $716Personal taxes: $ 565Personal saving: $120Government spending: 924Imports: $ 547Exports: $ 427Personal consumption expenditures: $ 2,966Indirect business taxes: $ 370Contributions for Social Security (FICA): $ 394Transfer payments and other income: $ 967National Income DeterminationThe following figures are from data on Good Island EconomyItems $mNet private investment 940Depreciation 56Compensation of employees 2 256Corporate taxes 416Personal taxes 756Personal Consumption expenditure 4 386Government purchases 3 182Indirect business taxes minus subsidies 482Payment of factor income to the rest of the world 95Corporate profits minus dividends 56Government transfer payments and interest 243Exports 855Receipts of factor income from abroad 186Imports of goods and services 385Social insurance payments 332 Required: Use the above information to answer the followingi.) Calculate for Good Island:a. Gross private investment b. Gross Domestic product c. Gross National Product d. Net National Product e. National income f. Personal Income g. Disposable Personal Incomearrow_forward Question Asked Aug 18, 2020 25 views Consider the following model of an economy operating with fixed wages, prices and interest rates and hasexcess capacity. Adsume all figures are I Zambian kwacha. C=100+0.8yd, T=100+25Y, G=980 and I= 500 Where c is consumption, yd is disposable income, T is taxes net of transformers, G is government spending on goods and services and I is investments. Is the government running a surplus or deficit Show the impact of a reduction in government spending by 80 on the equilibrium level of national income Illustrate your new equilibrium in the same Keynesian cross diagram
- In the context of the circular flow model of the economy, which of the following best describes the relationshipbetween households, businesses, and the government?A. Households earn income by buying goods and services in the product market, spend that incomeon businesses, and pay taxes to the government, which then uses the revenue to provideresources.B. Households earn income by providing resources, spend that income on goods and services in theproduct market, and pay taxes to the government, which then uses the revenue for public services.C. Households earn income by paying taxes to the government, which then uses that revenue to buygoods and services from businesses, and businesses use the income to pay wages to households.D. Households earn income by providing resources to the government, which then redistributes thatincome among businesses to stimulate production and spending.C = 250 + 0.75Yd G = 150 T = 200 I = 80 find the equilibrium level of income and private savingGDP C $140 $150 180 180 220 210 260 240 300 270 The accompanying schedule contains data for a private closed economy. All figures are in billions. If a lump-sum tax of $20 is imposed, the consumption schedule will become a. GDP C $140 $130 180 160 220 190 260 220 300 250 b. GDP C $140 $155 180 185 220 215 260 245 300 270 c. GDP C $140 $135 180 165 220 195 260 225 300 255 d. GDP C $120 $150 160 180 200 210 240 240 280 270
