B(a): (b) The National Income Model is given by: a. Y = A + C + G b. C = a(Y-T) Find the equilibrium Level of Income when: A = 10 G = 10 á = 0.7 To = 20 c. T = To + t₁ Y t₁ = 0.4
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- identify the equilibrium level of income given y=600;,C=550; I=100 S=? solve for the S?15. C = 50 + 0.8Yd G =80 I=70 T=100 Based on the information given above, calculate the national income equilibrium 1600 1000 600 1800From the information above, calculate and sketch the diagram showing the equilibrium level of income.
- b) Given the following national income model Y = C +1+G C = c, + c,Ya Ya = Y – T T = to + t,Y 1 = l, G = Go Co = 100; I, = 80; c, = 0.8; Go = 300; t, = 250; t, = 0.2 i) Name the endogenous and exogenous variables in the model ii)Find the equilibrium income, Ỹ1. What relationship does the income expenditure model represent? Why is it used?With the help of a diagram, explain the derivation of the TotalRevenue curve.
- What type of solutions do you get in Samuelson´s Model of national income when the parameters satisfy αγ= 1?Consider the following national income model : Y = C + I + Go C = 224 + 0.55Y 3.1I = 184 + 0.22Y Where Go = 187 a. What is the determinant of the coefficient matrix? b. What is the equilibrium value of Y? c. What is the equilibrium value of C? d. What is the equilibrium value of I?In the Income-Expenditure model, which of the following are assumed to be given (or exogenous)? a Incomes and expenditures b. None of these c. Prices and incomes d. Expenditures and Prices e. Prices and interest rates For this year. • You earn a before-tax income of $77,000, on which you pay taxes equal to $4,000. • You receive $4,000 in benefits from the government. What is your disposable income this year? Do not enter the $ sign. Round to one decimal place if required. Answer:
- Define the term inventories?In the table below compute the level of equilibrium national income (Y) for each of the values of P. For example, when P2, AE = 6000+ 0.6Y. Thus the equilibrium level of Y is such that Y = 6000+ 0.6Y0.6Y, which implies Y = 15000. (Round your responses to the nearest whole number.)Economics: Public Economics Question: 1 Refer to Graph 2. Suppose the TANF program is established. What is the individual’s consumption if they spent all of their time in leisure? Do not include a dollar sign when writing your answer. Guess: 10,000 (with margin: 0) Question: 2 Refer to Graph 2. For every dollar earned by the individual below the cutoff (such that they are eligible for TANF), benefits decrease by how much? Do not include a dollar sign when writing your answer. Guess: 0.5 (with margin: 0) Question 3: Which of the following types of balanced budget requirements (BBRs) are least effective in restricting deficits? a. ex post BBRs b. neither ex ante nor ex post BBRs c. both ex ante and ex post BBRs d. ex ante BBRs Thank you for your help and support Academic Agent!
