Answer to Question #36391 in Macroeconomics for Henry

Question #36391
S=-5000+o.2Y(before adjustment in tax) I=10000 G=20000 T=5000 1) taking tax into consideration find the new savings function 2) based on the new savings function, determine the average propensity to save when Y=50000 3) interpret the average propensity to save value that you calculate in (2) 4)determine the equilibrium national income using leakage-injection method.
1
Expert's answer
2013-10-22T09:24:26-0400
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