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Answer to Question #147870 in Macroeconomics for Harry
Question #147870
C = 450 + 0.4Y
I = 350
G = 150
X = 70
Z = 35 + 0.1Y
T = 0.15Y
Yf = 1550
Q.2.1 Calculate the level of autonomous spending in this economy. (2)
I = 350
G = 150
X = 70
Z = 35 + 0.1Y
T = 0.15Y
Yf = 1550
Q.2.1 Calculate the level of autonomous spending in this economy. (2)
Expert's answer
AE=C+I+G+X+Z+T+Yf
AE=450+0.4Y+350+150+70+35+0.1Y+0.15Y+1550
=2535+0.65Y
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