Solved

Consider the Following Macro Model with Demand- Determined Output: C

Question 20

Multiple Choice

Consider the following macro model with demand- determined output: C = 150 + 0.9Yd, Yd= 0.8Y, I = 400, G = 700, T = (0.2) Y, X = 130, IM = (0.08) Y. Equilibrium national income is


A) 1916.67
B) 4928.57
C) 2156.25
D) 1380.00
E) 3833.33

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: Consider the government's budget balance. Suppose G

Q17: In a simple macro model, it is

Q18: Consider the government's budget balance. Suppose G

Q19: In a simple macro model with a

Q21: Suppose exports are $200 and imports are

Q22: Consider the simplest macro model with demand-determined

Q22: In a simple macro model with government

Q23: If the government's net tax rate increases,

Q24: In an open economy with government and

Q25: Consider the following news headline: "Canadians develop