Question

The table below provides information for the economy of Zawi. C = 80 + 0.8Y XN...

The table below provides information for the economy of Zawi.

C = 80 + 0.8Y

XN = 28 – 0.3Y

I = 155

G = 250

a. The value of equilibrium income is $ .......

b. Set up a balancing row to verify your calculations (the tax equation is T = 80 + 0.3Y and X = 190). Enter your responses as whole numbers.

Y T YD C S I G X IM XN AE

c. If exports decrease by 68, the new equilibrium income is $ .....

Homework Answers

Answer #1

** If you like my work please give an upvote **

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose an economy is represented by the following equations. Consumption function C = 300 + 0.8Yd...
Suppose an economy is represented by the following equations. Consumption function C = 300 + 0.8Yd Planned investment I = 400 Government spending G = 500 Exports EX = 200 Imports IM = 0.1Yd Autonomous Taxes T = 500 Marginal Tax Rate t=0.25 Planned aggregate expenditure AE = C + I + G + (EX - IM) By using the above information calculate the equilibrium level of income for this economy and explain how multiplier changes when we have an...
. Suppose an economy is represented by the following equations. Consumption function C = 200 +...
. Suppose an economy is represented by the following equations. Consumption function C = 200 + 0.8Yd Planned investment I = 400 Government spending G = 600 Exports EX = 200 Imports IM = 0.1Yd Autonomous Taxes T = 500 Marginal Tax Rate t=0.2 Planned aggregate expenditure AE = C + I + G + (EX - IM) By using the above information calculate the equilibrium level of income for this economy and explain why fiscal policy becomes less effective...
Suppose the following aggregate expenditure model describes the US economy: C = 1 + (8/9)Yd T...
Suppose the following aggregate expenditure model describes the US economy: C = 1 + (8/9)Yd T = (1/4)Y I = 2 G = 4 X = 3 IM = (1/3)Y where C is consumption, Yd is disposable income, T is taxes, Y is national income, I is investment, G is government spending, X is exports, and IM is imports, all in trillions $US. (a) Derive a numerical expression for aggregate expenditure (AE) as a function of Y. Calculate the equilibrium...
. Suppose an economy is represented by the following equations. Consumption function                            &nb
. Suppose an economy is represented by the following equations. Consumption function                                      C = 200 + 0.8Yd Planned investment                                                         I = 400 Government spending                                                   G = 600 Exports                                                                      EX = 200 Imports                                                                   IM = 0.1Yd Autonomous Taxes                                                       T = 500 Marginal Tax Rate                                                               t=0.2 Planned aggregate expenditure         AE = C + I + G + (EX - IM) By using the above information calculate the equilibrium level of income for this economy and explain why fiscal policy becomes less effective...
1. Given the following functions which represent an open economy: Consumption: C=100+0.8Y Investment: I= 50 Government...
1. Given the following functions which represent an open economy: Consumption: C=100+0.8Y Investment: I= 50 Government Expenditure: G=130 Exports: X=100 Imports: M=50+0.2Y Equilibrium: Y=C+I+G+X-M a) determine the values of the equilibrium level of income, and b) determine the values of C and M at the equilibrium 2. Given the following functions: Consumption: C=50+0.8Y Investment: I= 750 -30r Money supply: Ms=4000 Transaction-Precautionary demand for money: L1=100 Speculative demand for money: L2=3825-20r Determine the values of the national income (Y), and interest...
The US economy is represented by the following equations: Z=C+I+G, C=300+.5YD, YD =Y T T =400,...
The US economy is represented by the following equations: Z=C+I+G, C=300+.5YD, YD =Y T T =400, I =250, G=1000 Given the above variables, calculate the equilibrium level of output. Now assume that consumer confidence increases causing a rise in autonomous consumption (c0) from 300 to 500. What is the new equilibrium level of output? How much does income change as a result of this event? What is the multiplier for this economy?
1. Suppose the United States economy is represented by the following equations: Z= C + I...
1. Suppose the United States economy is represented by the following equations: Z= C + I + G , C = 500 + 0.5Yd, Yd = Y − T T = 600, I = 300, G = 2000, Where, Z is demand for goods and services, Yd is disposable income, T is taxes, I is investment and G is government spending. Y is income/production. (a) Assume that the economy is in equilibrium. What does it mean in terms of the...
The following is a model that describes the economy of Ghana with all values in (GHȼ...
The following is a model that describes the economy of Ghana with all values in (GHȼ million). Y = C + I + G + X – M C = 1200 + 0.9Yd Yd Yd = Y – T T = 200 + 0.1Y I = 300 G = 1000 X = 600 M = 400 + 0.1Yd (where Y is national income, C is consumption, G is government spending, X is export, M is import, Yd is disposable income...
1.Suppose the economy is characterized as follows: AE = C + I + G + (X-M)...
1.Suppose the economy is characterized as follows: AE = C + I + G + (X-M) C = 600 + .75(Y – T) - 30 (r) I = 500 – 50(r) G = 300 X- M = -25 T = 80 r = 5 Price level P is fixed at 1 (P=1) 1) Equilibrium consumption is equal to _______ . 2) The vertical intercept for the consumption function is _______ .
The economy is described by the following functions: C = 100 + 0.8Y D T x...
The economy is described by the following functions: C = 100 + 0.8Y D T x = 10 T r = 40 I = 60 + 0.1Y G = 80 Nx = 20 Notice that in this example investment is pro-cyclical. Q1. Write down the definition of aggregate demand, and a condition that describes equilibrium in the Keynesian Cross diagram Q2. Substitute all the information that you were given and find equilibrium output. Illustrate on the Keynesian Cross diagram. Q3....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT