Answer to Question #170561 in Macroeconomics for Cris

Question

C= 15 + 0.9 Yd

I = 80

G= 200

Tr = 10 Tx = 0.1Y X = 120

M = 24 + 0.06 Y

a.      Calculate the net tax fuction

b.     Calculate the equilibrium output by aggregate demand-aggregate supply method

c.      Calculate equilibrium output by the method:

S + T + M = I + G + X

d.     When the economy is in equilibrium, is the government budget surplus or deficit?

e.      When the economy is in equilibrium, trade surplus or deficit?

Answer 1

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