(c). Given the national-income model: Y = C + lo + Go C = a + B (Y - T) (a > 0,0 < B < 1) T= y + 8Y (y > 0, 0 < 6 < 1) a- By+ I,+G, Y = 1-B+B6 ду ду ду and ai, da ' aB' ay' Interpret their economic meaning and. Find partial derivative determine their signs.
(c). Given the national-income model: Y = C + lo + Go C = a + B (Y - T) (a > 0,0 < B < 1) T= y + 8Y (y > 0, 0 < 6 < 1) a- By+ I,+G, Y = 1-B+B6 ду ду ду and ai, da ' aB' ay' Interpret their economic meaning and. Find partial derivative determine their signs.
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I need solution . you do it before but cant do this section which i mention now i need complete solution ( you just do this section not all question)
Transcribed Image Text:(c). Given the national-income model:
Y = C + lo + Go
C = a + B (Y - T)
(a > 0,0 < B< 1)
T= y + 8Y
(y > 0,0 < 6 < 1)
a- By+ I,+G,
Y =
1-B+B6
ду ду ду
Find partial derivative
and
Interpret their economic meaning and
da ' ap' ay'
al,
determine
their
signs.
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