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Round your answers in question 1a to the nearest wholenumber

Question : Round your answers in question 1a to the nearest wholenumber : 23

Round your answers in question 1a to the nearest wholenumber or dollar (e.g. 10000, $10000, 10,000 or $10,000 instead of10,000.10 or $10,000.10), and answers in 1b and 1c to the nearestwhole number (e.g. 5 instead of 5.1).

C = 0.75(DI) + 1000

C = Consumption expenditure, DI = Disposable Income

I = 1000

I = Investment expenditure

G = 1000

G = government expenditure

X = 1500

X = spending on exports

M = 1200

M = spending on imports

DI = Y - T

Y = real GDP, T = tax revenues/>

T = 400

 

a. The equilibrium real GDP in this economy is?

b. The value of the government expenditure multiplier withinthis economy is?

c. The value of the tax multiplier within this economy is?

 

Solution
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Economics 1 Year Ago 240 Views
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