Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
I = 200 − 1000 ∗ r (investment function)
G = T = 100 (government purchase and tax)
where Y is the national income and r is the interest rate.
Assume r = 10%, What is the equilibrium income?
The planned expenditure is
PE=0.6Y+240.
Equalize the planned expenditure and the actual expenditure we have
0.6Y+240=Y
which gives Y*= 600.
123 : 321 :: 564 : ?
Shenzhen : China :: Seville : ?
225 : 12 : 435 : ?
Select the option that best represents the number which is related to the third number in the same way as the second number is related to the first numb...
Mathematics : 11 :: Economy : ?
The second number in the given number-pairs is obtained by performing certain mathematical operation(s) on the first number. The same operation(s) is/ar...
Select the option in which the numbers are not related in the same way as are the number of the following set.
(12, 60, 360)
...Select the option that is related to the third number in the same way as the second number is related to the first number.
14 : 210 : : 18 :?
If VAN = 22114 and VICE = 22935, then VERSE =
Select the option that is related to the third word in the same way as the second word is related to the first word.
(The words must be consid...