if the national income equation is Y=C+I+G+E-M where C=8+0.6Yd I=25 G=10 E=70 M=15+0.2Y T=7+0.3Y R=25-0.3Y (a) determine the economy's national income/output (b) determine the economy's multiplier applicable to government spending and interpret its meaning (c) use the multiplier applicable to exports and explain how a $100 billion decline in the demand for exports could affect the following variables: (i) GDP (ii) Balance of trade (iii) government budget
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment