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Consider the following hypothetical economy: Y G (X-IM) 2.500 360 200 -100 3.000 360 200 -100 3,500 360 200 -100 4,000 3
Posted: Wed Apr 27, 2022 1:08 pm
by answerhappygod
- Consider The Following Hypothetical Economy Y G X Im 2 500 360 200 100 3 000 360 200 100 3 500 360 200 100 4 000 3 1 (20.41 KiB) Viewed 40 times
Consider the following hypothetical economy: Y G (X-IM) 2.500 360 200 -100 3.000 360 200 -100 3,500 360 200 -100 4,000 360 200 -100 4,500 360 200 -100 Taxes are 200 for all levels of GDP, and consumption function for this economy is given by: C= 400 +.BDI 8- Find the equilibrium level of GDP numerically and graphically. (Graph paper can be downloaded from "Course Materials" page of Bb.) b- At equilibrium level of GDP how much is being saved? c- Il potential GDP for this economy is 4,000 what is the magnitude of inflationary (recessionary) gap? (indicate the type and magnitude of the gap.)