Question 2 Suppose a closed economy has an aggregate consumption function given by C = 300 +0.50Yd and generates $2800 output and income in equilibrium. Suppose also that the government collects a lump-sum tax of 250. How much will the private sector be saving total in equilibrium? (round your answer to the nearest whole value) Your Answer: Answer

Question 2 Suppose a closed economy has an aggregate consumption function given by C = 300 +0.50Yd and generates $2800 output and income in equilibrium. Suppose also that the government collects a lump-sum tax of 250. How much will the private sector be saving total in equilibrium? (round your answer to the nearest whole value) Your Answer: Answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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