(Answered) Using time series data for the united states from 1990 to

Economics

Using time series data for the United States from 1990 to 2006,1 the following Consumption and Investment functions are estimated

C = -238.64 + 0.683Y - 0.0001355Y 2
I = -219.0 + 0.18Y
Assume a government expenditure of $2216.8 and a net export of -$615.4,

(a) determine the equilibrium national income, consumption and investment.

(b) What is the model multiplier?

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