Answered: An economy is described by the…

An economy is described by the following equations: C= 2,000 + 0.75 (Y – T) Ip= 900 G= 2,000 NX= 200 T= 2,000 Y*= 15,000 What is the Autonomous expenditure in the economy?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An economy is described by the following equations:

C= 2,000 + 0.75 (Y – T)

Ip= 900

G= 2,000

NX= 200

T= 2,000

Y*= 15,000

What is the Autonomous expenditure in the economy?

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