58 890
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Macroeconomics Question for Radu

Question #42068
I know :
GDP 18000
T 4000
C 7600
I 4500
G 5000
NX 4500
How can i find the equilibrium level of income ?
How can i find UI value ?

Expert's answer
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.

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!


No comments. Be first!

Leave a comment

Ask Your question