Answer to Question #42068 in Macroeconomics for Radu
I know :
How can i find the equilibrium level of income ?
How can i find UI value ?
Equilibrium income refers to the state at whichaggregate quantity supplied is equal to aggregate quantity demanded. It is usually stable provided that the various factors involved do not change. It is calculated using the formula, GDP = C + I + G + (X - M), where C is consumption, I is investments, G is government spending and X-M is exports minus imports. This can be formulated when one knows the parameters to be used in the calculation.
So, GDP = 7600 + 4500 + 5000 + 4500 = 21600 is equilibrium level of income.
The clock is ticking. The coffee is brewing. The stress intensifies. And all you’ve written in the past 15 minutes…
APPROVED BY CLIENTS
Was a great experience dealing with you guys. Assignment was done in a timely manner, assignment was very easy to follow and the price was very affordable. Thanks again guys for your expertises in helping with my assignment