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.
6, 5, 40, 32, 249, 240
1 4 13 46 ? 976
...Direction: Which of the following will replace ‘?’ in the given question?
2, ‘?’, 46, 136, 311, 605, 1086
1930 1805 1589 1246 734 ?
...14 8 6 4 7 8.5
...45 67 111 199 ? 727
73920, 9240, ?, 220, 44, 11
Find the wrong number in the given series.
12, 18, 27, 42, 62, 87
A series is 11, 20, 42, 82, 166, 330
If another series 4, a, b, c, d, 106 follows the same pattern as the given number series, then find the app...
8 6 2 ? -1 9.5
...