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?
1
Expert's answer
2013-12-16T14:13:13-0500
The answer to the question is available in the PDF file https://www.assignmentexpert.com/homework-answers/economics-answer-37742.pdf

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

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal