63 193
Assignments Done
99,3%
Successfully Done
In July 2018

Answer to Question #37742 in Macroeconomics for Herman

Question #37742
Assume that an economy is characterized by the following:
C=5+0.8Yd
G=20
I=10
T=10+0.1Y

a)Calculate the equilibrium income in this economy?
b)What is the level of taxation?
c)Calculate the budget deficit/surplus.
d) What is the level of consumption?
e)what is the level of national savings?
Expert's answer

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!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions