You are given the following information about a closed economy with no government: Consumption = 445 + 0.75Y Investment = 250 Calculate the equilibrium level of income.
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You are given the following information about a closed economy with no government:
Consumption = 445 + 0.75Y Investment = 250
Calculate the equilibrium level of income.
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- You are given the following information about a closed economy with no government:Consumption = 115 + 0.6YInvestment = 550Use the above information to answer the question: Calculate the equilibrium level of income.You are given the following information about a closed economy with no government:Consumption = 445 + 0.75Y Investment = 250 Calculate the value of autonomous spending.You are given the following information about a closed economy with no government: Consumption = 115 + 0.6Y Investment = 550 Calculate the equilibrium level of income. Is the equilibrium level of income also the full employment level of income? Explain your answer.
- In a closed economy, what determines consumption, investment, and government expenditures? Please include in your answer the form of the consumption function, investment function, and government expenditure function.Explain what happens to consumption, investment, and the interest rate when the government increases taxes.You are given the following information about a closed economy with no government:Consumption = 115 + 0.6YInvestment = 550Use the above information to answer the questions that follow:Q.4.3 Calculate the equilibrium level of income. (3)
- You are given the following information about a closed economy with no government: Consumption = 115 + 0.6Y Investment = 550 Calculate the value of autonomous spending.The following are exogenous (not directly affected by income): G = 11 I = 4 X = M = 0 The consumption function is: C = k + cY, where k = 3, c = 0.8 What is the equilibrium level of GDP? What is the multiplier?The government of a country decides to double its current level of spending, causing real GDP to increase from $20,000 to $120, 000. What is the percent change in real GDP?
- In a closed economy, GDP is $1000, government purchases are $200, consumption is $700 and the government has a budget surplus of $25. Using the given information calculate: a) investment, b) taxes, c) public saving.Calculate the equilibrium level of income in the economy, if C = 500+ 0.9Y. and investment expenditure is 3000.Calculate investment expenditure from the following data about an economy which in equilibrium: National income =$1000 Marginal propensity to save=$0.25 Autonomous consumption expenditure=$200