Get an answer from tutors to this homework question nowlet, Ask an Expert

Economics

Get an answer from tutors to this homework problem now:

Let us assume the following figure represent the component of GDP in a county

C = 70+ 0.8YD
I = 60
G = 170

a.find out the equilibrium level of income
b. find out the multiplier in this model
c. What is the level of saving in equilibrium

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M964773

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question assume an economy with 100 identical consumers in

Question: Assume an economy with 100 identical consumers. In the current period each consumer receives 16 units and pays taxes of 6 units, while in the future, each receives income of 20 units and pays taxes of 9.50 unit ...

Question in your opinion how would you summarize interest

Question: In your opinion, how would you summarize interest rates and decision making in plain English to someone who is considering making a car or house purchase? How would you advise them to structure borrowing money ...

Question using the midpoint method find the cross-price

Question: Using the midpoint method, find the cross-price elasticity of demand for FedEx and UPS overnight shipping if the price of FedEx increased from $65 to $75 and the quantity demanded of UPS went up from 1.2 millio ...

Question answer questions your answers should be no more

Question: Answer Questions: your answers should be no more than a short paragraph of 3-4 sentences for each of the following questions. Assume that a firm's analysis of its balance condition shows the following: PL = $10 ...

Question a producer in a perfectly competitive industry has

Question: A producer in a perfectly competitive industry has a cost function described by TC(q)=16,000+6q+0.1q^2. If the market price is 90 and it has already committed to paying the fixed cost, what is the maximum profi ...

Question suppose the current equilibrium price of a

Question: Suppose the current equilibrium price of a quarter-pound hamburger is $5, and 10 million quarter-pound hamburgers are sold per month. After the federal government imposes a tax of $0.50 per hamburger, the equil ...

Question a video rental store has estimated that the

Question: A video rental store has estimated that the inverse demand equation for video rentals by a typical customer is P = 6.50 - 0.5Q. The marginal cost of each rental is $2.50. If the video rental store engages in tw ...

Question melinda gibbs would like for her descendants to be

Question: Melinda Gibbs would like for her descendants to be able draw $40,000 every year for ever starting 30 years from now. She has found a mutual fund that will provide her a guaranteed 10% return forever. She will m ...

Question why does marginal analysis work ie allows a firm

Question: Why does marginal analysis work (i.e., allows a firm to determine the correct level to produce where it maximizes profits or minimizes losses)? The response must be typed, single spaced, must be in times new ro ...

Question a consulting firm estimates the demand by local

Question: A consulting firm estimates the demand by local businesses for attendance at a pro sports team's games: PB = $140 - 4AB where PB is the ticket price paid by businesses, measured in dollars, and AB is their atte ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert