also draw the calculation on paper so that I can follow the calculation. Aggregate demand in Small Country X is AE (Y) = C + I + G + X-IM! And the table below shows how demand depends on national income. Relationships describing final use expenditure The goods market Consumption Disposable income Tax H Capital expenditure Public expenditure Export Import Connection C = 50+0.7* Ya Y4=Y-T T= 0.3*Y* I= 50-3.25* | G = 450 X = 100 IM = 0.14 Y The money market Money demand Money supply Connection Md -0,2* Y-i M=196 4 (a Your task is to calculate the equilibrium National Income (Y) and the interest rate (i)based on the figures above:>> Y == and 4 (b Describe how large the state's tax revenues are and calculate the state budget balance (Sb), further you should calculate country's current account (NX): T= Sb NX =
also draw the calculation on paper so that I can follow the calculation. Aggregate demand in Small Country X is AE (Y) = C + I + G + X-IM! And the table below shows how demand depends on national income. Relationships describing final use expenditure The goods market Consumption Disposable income Tax H Capital expenditure Public expenditure Export Import Connection C = 50+0.7* Ya Y4=Y-T T= 0.3*Y* I= 50-3.25* | G = 450 X = 100 IM = 0.14 Y The money market Money demand Money supply Connection Md -0,2* Y-i M=196 4 (a Your task is to calculate the equilibrium National Income (Y) and the interest rate (i)based on the figures above:>> Y == and 4 (b Describe how large the state's tax revenues are and calculate the state budget balance (Sb), further you should calculate country's current account (NX): T= Sb NX =
Chapter15: Gross Domestic Product
Section: Chapter Questions
Problem 7SQP
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Transcribed Image Text:also draw the calculation on paper so that I can follow the calculation.
Aggregate demand in Small Country X is
AE (Y) = C + I + G + X-IM!
And the table below shows how demand depends on national income.
Relationships describing final use expenditure
The goods market
Consumption
Disposable income
Tax
H
Capital expenditure
Public expenditure
Export
Import
Connection
C = 50+0.7* Ya
Y4=Y-T
T= 0.3*Y*
I= 50-3.25* |
G = 450
X = 100
IM = 0.14 Y
The money market
Money demand
Money supply
Connection
Md -0,2* Y-i
M=196
4 (a Your task is to calculate the equilibrium National Income (Y) and the interest rate (i)based on the figures above:>>
Y ==
and
4 (b
Describe how large the state's tax revenues are and calculate the state budget balance (Sb), further you should calculate
country's current account (NX):
T=
Sb
NX =
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