An economy is described by the following: C = 329 +0.6(YT) - 100r G = 95 I=55 100r - T = 90 NX = 15 r = 0.10 Y* = 1,077 Assume NRU = 5% Find the output gap.
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- Calculate the value of MPS when the value of MPC is given to be as 0.25Consider an economy that is characterized by the following equations: C= 400 + 0.5 Yd I = 700 - 4000i + 0.1Y G= 200 T= 200 (MP)d = 0.75Y - 7500; (M/P)S = 600 What is the equilibrium investment (I)?Given that the C = 600 + 0.1Y and Y = 8000 find the level of the consumption
- Assume that the economy is now governed by a government and begins trading with other economies. The economy is described by the following set of equations. ?=1000+0.5⋅?d ID = 600 G=700 T=400 EX=0.1⋅Y IM=100+0.1⋅Y YD = Y - T Calculate the equilibrium level of output Y* a) 2857 b) 4000 c) 6274 d) 4400 Whats the government expenditure multiplier? Whats the tax multiplier? Whats the ba;anced budget multiplier?Production Equation Calculate the following MR1, MR2, AP₁, AP2, and TP q= 10x₁ - 4x² + 5x₂ - 6x²/If the MPC -0.85, what is the value of the MPS? Provide an answer which is accurate to two places to the right of the decimal point.
- With the help of a diagram, explain the derivation of the TotalRevenue curve.Suppose the macroeconomic parameters are as follows in Turkey. Production: Y = A K1/3 L2/3 (A= 7 ) Factor supplies: K, L (K = 3000, and L= 1300) Government: 2200, Taxes: 2000 Consumer behavior C = 1000 + 0.6 (Y-T Investment behavior | = 3000 - 1000г Compute real interest rate in Turkey (Show the percentage value as numerical such as 15 for %15 or 0.15).Calculate the value of MPC when MPS is given to be as 0.82