e part oy hand written 1. Use the following information from a fictional economy:Consumption, C= 250 + 0.8 YdInvestment, I = 200Government Spending, G 100Taxes, T 0.2 YNet Exports, NX = 50 - 0.4 YDisposable Income, Yd = Y-T%3DReal GDP = Y(a) What is equilibrium Real GDP (Y) for this economy?(b) What is equilibrium C for this economy?(c) What is equilibrium NX for this economy?(d) What is equilibrium T for this economy?(e) What is equilibrium YD for this economy?

1. Use the following information from a fictional economy: Consumption, C = 250 + 0.8 Yd Investment, I = 200 Government Spending, G 100 Taxes, T = 0.2 Y Net Exports, NX = 50 - 0.4 Y Disposable Income, Yd = Y-T Real GDP = Y (a) What is equilibrium Real GDP (Y) for this economy? (b) What is equilibrium C for this economy? (c) What is equilibrium NX for this economy? (d) What is equilibrium T for this economy? (e) What is equilibrium YD for this economy?

1. Use the following information from a fictional economy: Consumption, C = 250 + 0.8 Yd Investment, I = 200 Government Spending, G 100 Taxes, T = 0.2 Y Net Exports, NX = 50 - 0.4 Y Disposable Income, Yd = Y-T Real GDP = Y (a) What is equilibrium Real GDP (Y) for this economy? (b) What is equilibrium C for this economy? (c) What is equilibrium NX for this economy? (d) What is equilibrium T for this economy? (e) What is equilibrium YD for this economy?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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