Answer to Question #59598 in Macroeconomics for ali
Question #59598
The Grand Multiplier:
c = 0.6
t = 0.2
m = 0.1
AEo = 20,000.
Determine Y...
c = 0.6
t = 0.2
m = 0.1
AEo = 20,000.
Determine Y...
Expert's answer
c = 0.6
t = 0.2
m = 0.1
AEo = 20,000.
AE = C = c*Y = AEo + c*(Y - T) = AEo + c*(1 - t)*Y,
0.6Y = 20,000 + 0.6*(1 - 0.2)*Y,
0.12Y = 20,000,
Y = 20,000/0.12 = 166,666.67.
t = 0.2
m = 0.1
AEo = 20,000.
AE = C = c*Y = AEo + c*(Y - T) = AEo + c*(1 - t)*Y,
0.6Y = 20,000 + 0.6*(1 - 0.2)*Y,
0.12Y = 20,000,
Y = 20,000/0.12 = 166,666.67.
Need a fast expert's response?
Submit orderand get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!
Ask Your question
I was very impressed with Assignment expert. The service/operator was fast, polite, friendly and always very helpful. I got a very good price for my statistics assignment. Everything went smooth and fast, there were no problems. I also want to thank the anonymous math genius who did my homework. He or she did a great job, answered all the questions, even did some extra steps to make sure the homework was good.She or he was very professional. I can only recommend Assignment expert.
#194639 on Mar 2018
#194639 on Mar 2018 
Comments
Leave a comment