Answer to Question #24339 in Macroeconomics for Sydney
where C= Consumer spending, I = Investment (Gross fixed Capital
Formation), G= Government Spending, X= Exports and IM= Imports.
Disposable income ( Yd ) is calculated as the difference between personal
income (Y) and personal tax and non tax payments (T).
Y = C + I + G + (X - IM)
Yd= Y - T
Ye=3 833 (the level of equilibrium national income)
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!