Answer to Question #74637 in Macroeconomics for NISSI

Question #74637
Suppose, in a two sector model comprising consumers and firms, that the individuals receive the following payments for their provision of goods and services: wages K60000, interest K30000, rent K10000 and profits k8000. Consumption spending is K101000, planned investment expenditure is K20000 and actual investment expenditure is K7000. a) What is the equilibrium output
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Expert's answer
2018-03-19T07:46:08-0400
equilibrium output = wages + interest + rent + profits = K60000 + K30000 + K10000 + k8000 = К108000

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