Answered: 6. An economy at equilibrium has Y =…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Assume a closed economy where the level of investment is 300 and savings function is s = -30+ 0.15y calculatr the equilibrium level of income
2. Public consumption of a country (two sectors) is indicated by the function C = 60 + 0.4Y. Calculate:a. Find the saving function.b. If the investment that occurs is 300, determine the balance national income.c. What is the consumption of the people of the country if the national income is 400.d. How much is the savings of the people of the country if the national income is 400.e. Make a graphical sketch of the consumption and saving functions in one image. Please solve subparts d,e thank u
Consider an the following equations: Y=C + I +G Y=7,000 G=4000 T=2,000 C=150+0.75(Y-T) I=1,000-50r a. compute private saving, public saving and national saving. b. Calculate the equilibrium interest rate. c. Now suppose the G rises BY 1,000. Compute private saving, public saving, and national saving.
Find the saving when the income is 50 and consumption is 60
Suppose GDP is Rs.15 trillion, taxes are Rs.5.5 trillion, private saving is Rs.2 trillion, and public saving is Rs. 2.5 trillion. Assuming this economy is closed, Calculate a) Government purchases b) National saving c) Consumption d) If the government increases taxes to 6.5 trillion, calculate private Saving
first image is a resource for the question in the second image. Thank you so much! :)
1. Consider a closed economy without a government. If the GDP of theeconomy is $25,000 and the saving rate in the economy is 25 percent, theaggregate saving in the economy is ________.A) $3,320B) $6,250C) $8,000D) $8,650
14. Find the equilibrium level of GDP in an economy in which investment is always 200 and the consumption function is C = 120 + 0.6Y. 7000 800 700 8000
Consider an economy described as follows: Y = C+1+G Y= 8,000. G= 2,500. T 2,000. C- 1,000 + 2/3(Y-T). 1-1,200-100r. 'n this economy, compute private saving, public saving, and national saving. How much is the marginal propensity to consume? 1. 2. 3. Find the equilibrium interest rate.
4. Assume that the economy is described by the following equations: Y=C+l+G, Y=8490, G-2719, T-2056, C-258+ 1/2(Y-T), I-400 + 40r. Private saving and the equilibrium interest rate are O Private saving: 2959; The interest rate: 47.4 O Private saving: 2296; The interest rate: 23.7 O Private saving: 2296; The interest rate: 47.4 O Private saving: 2959; The interest rate: 23.7
Please help with this from c . Please make it make sense because I have seen answers that dont seem right. I would like graph of C as well showing the shifts and changesConsider an economy described by the following equations:Y=C + I +GY=7,000G=4000T=2,000C=150+0.75(Y-T)I=1,000-50ra. In this economy, compute private saving, public saving and national saving.b. Calculate the equilibrium interest rate.c. Now suppose the G rises by 1,000. Compute private saving, public saving, andnational saving.d. Calculate the new equilibrium interest rate.
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6. An economy at equilibrium has Y = 1,200, S = 100, G = 100 and C = 800. Find the level of public saving, (T – G), for this economy.