ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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B/ Consider the Open Economy with Government Participation (i.e. the Mixed Economy): Planned Expenditures: AE = C +1+ G +X - IM Consumption: C = 346 + 0.8 (Y- T) %3D Net Tax Revenue: T = 110 + 0.22 Y Gross Investment: I = 520 Government Expenditures: G = 770 Exports: X = 843 %3D Imports: IM = 114 + 0.09 Y Potential Output: Yp = 4,872 For answers with decimals, use two (2) decimal places. Part 7: We can write the Aggregate Expenditures equation as: AE = 2277 0.09 (Y). + Part 8: Calculate the Expenditures Multiplier for the Mixed Economy. 4.55 Part 9: Calculate the Autonomous Tax Multiplier for the Mixed Economy. 0.41 Part 10: Calculate the Balanced-Budget Multiplier for the Mixed Economy. 4.14 Part 11: Calculate the equilibrium ouput (Yº) for the Mixed Economy. -10705 Part 12: Calculate the change in Government Expenditures (AG) required to close the output gap (Yf-Ye). Number Part 13: Calculate the change in autonomous Taxes (ATo) required to close the output gap (Yf-Ye). Number Part 14: The expenditures multiplier Number for the Open Economy with Government Participation (Mixed Economy) is the expenditures multiplier Number for the Closed Economy with no Government Participation Click for List because Click for List Part 15: Calculate Total Injections at the equilibrium rate of output: Number Part 16: Calculate Total Leakage at the equilibrium rate of output: Number
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Transcribed Image Text:B/ Consider the Open Economy with Government Participation (i.e. the Mixed Economy): Planned Expenditures: AE = C +1+ G +X - IM Consumption: C = 346 + 0.8 (Y- T) %3D Net Tax Revenue: T = 110 + 0.22 Y Gross Investment: I = 520 Government Expenditures: G = 770 Exports: X = 843 %3D Imports: IM = 114 + 0.09 Y Potential Output: Yp = 4,872 For answers with decimals, use two (2) decimal places. Part 7: We can write the Aggregate Expenditures equation as: AE = 2277 0.09 (Y). + Part 8: Calculate the Expenditures Multiplier for the Mixed Economy. 4.55 Part 9: Calculate the Autonomous Tax Multiplier for the Mixed Economy. 0.41 Part 10: Calculate the Balanced-Budget Multiplier for the Mixed Economy. 4.14 Part 11: Calculate the equilibrium ouput (Yº) for the Mixed Economy. -10705 Part 12: Calculate the change in Government Expenditures (AG) required to close the output gap (Yf-Ye). Number Part 13: Calculate the change in autonomous Taxes (ATo) required to close the output gap (Yf-Ye). Number Part 14: The expenditures multiplier Number for the Open Economy with Government Participation (Mixed Economy) is the expenditures multiplier Number for the Closed Economy with no Government Participation Click for List because Click for List Part 15: Calculate Total Injections at the equilibrium rate of output: Number Part 16: Calculate Total Leakage at the equilibrium rate of output: Number
B/ Consider the Open Economy with Government Participation (i.e. the Mixed Economy): Planned Expenditures: AE = C +1+ G +X - IM Consumption: C = 346 + 0.8 (Y- T) Net Tax Revenue: T = 110 + 0.22 Y Gross Investment: I = 520 Government Expenditures: G = 770 Exports: X = 843 Imports: IM = 114 + 0.09 Y Potential Output: Yp = 4,872 For answers with decimals, use two (2) decimal places. Part 7: We can write the Aggregate Expenditures equation as: AE = 2277 0.09 (Y). + Part 8: Calculate the Expenditures Multiplier for the Mixed Economy. 4.55 Part 9: Calculate the Autonomous Tax Multiplier for the Mixed Economy. 0.41 Part 10: Calculate the Balanced-Budget Multiplier for the Mixed Economy. 4.14 Part 11: Calculate the equilibrium ouput (Y®) for the Mixed Economy. -10705 Part 12: Calculate the change in Government Expenditures (AG) required to close the output gap (Yf-Ye). Number Part 13: Calculate the change in autonomous Taxes (ATo) required to close the output gap (Yf-Ye). Number Part 14: The expenditures multiplier Number for the Open Economy with Government Participation (Mixed Economy) is Click for List the expenditures multiplier Number for the Closed Economy with no Government Participation larger than equal to smaller than ections at the equilibrium rate of output: Number indeterminate with indistinguishable from akage at the equilibrium rate of output: Number
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Transcribed Image Text:B/ Consider the Open Economy with Government Participation (i.e. the Mixed Economy): Planned Expenditures: AE = C +1+ G +X - IM Consumption: C = 346 + 0.8 (Y- T) Net Tax Revenue: T = 110 + 0.22 Y Gross Investment: I = 520 Government Expenditures: G = 770 Exports: X = 843 Imports: IM = 114 + 0.09 Y Potential Output: Yp = 4,872 For answers with decimals, use two (2) decimal places. Part 7: We can write the Aggregate Expenditures equation as: AE = 2277 0.09 (Y). + Part 8: Calculate the Expenditures Multiplier for the Mixed Economy. 4.55 Part 9: Calculate the Autonomous Tax Multiplier for the Mixed Economy. 0.41 Part 10: Calculate the Balanced-Budget Multiplier for the Mixed Economy. 4.14 Part 11: Calculate the equilibrium ouput (Y®) for the Mixed Economy. -10705 Part 12: Calculate the change in Government Expenditures (AG) required to close the output gap (Yf-Ye). Number Part 13: Calculate the change in autonomous Taxes (ATo) required to close the output gap (Yf-Ye). Number Part 14: The expenditures multiplier Number for the Open Economy with Government Participation (Mixed Economy) is Click for List the expenditures multiplier Number for the Closed Economy with no Government Participation larger than equal to smaller than ections at the equilibrium rate of output: Number indeterminate with indistinguishable from akage at the equilibrium rate of output: Number
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