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Answer the next five question(s) on the basis of the following saving and investment data for a private closed economy. Figures are in billions of dollars. S= -60 +0.4Y I = 30 G=0 NX = 0 Refer to prob

Answer the next five question(s) on the basis of the following saving and investment data for a private closed economy. Figures are in billions of dollars. S= -60 +0.4Y I = 30 G=0 NX = 0 Refer to problem 1. The equilibrium level of income (Y) is * $360 O $225 $200 O $135 Refer to problem 1. At equilibrium level of output consumption is equal to * O $170 $270 O $260 $195
Refer to problem 1. If potential GDP is $250 by how much should government expenditure change to close the gap? * $25 $50 $10 O $15 Refer to problem 1. If investment decreases by $10. Find the new equilibrium level of output * $360 $225 $200 $135 Refer to problem 1. The total expenditure function is * TE= 90 +0.6Y OTE=-90 +0.4Y TE= 90 + 0.4Y OTE= -90 +0.6Y

Answer the next five question(s) on the basis of the following saving and investment data for a private closed economy. FigurRefer to problem 1. If potential GDP is $250 by how much should government expenditure change to close the gap? * $25 $50 $10

Apr 15 2021 View more View Less

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