1 answer

Concept Question 3.5 In a simple economy (assume there are no taxes, thus Y is disposable...

Question:

Concept Question 3.5 In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption function i

Concept Question 3.5 In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption function is: C = 200 +0.75Y Investment is equal to 300. In this economy, equilibrium GDP is $ yRound your answer to the nearest dollar)

Answers

The answer is $2000.

Consumption fruction & C No tan y is disposable Investment is 300 200 +0.75 y income Y C & I Y z 200+ 0.75 Y + 300 10.254 2 5

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