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Author Question: The Norwegian economy can be characterized by Equation 24.3. EQUATION 24.3: C= 100 + 0.8 Yd G= 500 ... (Read 14 times)

biggirl4568

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Question 1

The Norwegian economy can be characterized by Equation 24.3.



EQUATION 24.3:




C = 100 + 0.8
Yd 


G = 500


T = 200


I = 200





Refer to Equation 24.3. The equilibrium level of output for the Norwegian economy is


◦ 2,850.
◦ 3,200.
◦ 4,000.
◦ 4,800.

Question 2

The Norwegian economy can be characterized by Equation 24.3.



EQUATION 24.3:




C = 100 + 0.8
Yd 


G = 500


T = 200


I = 200





Refer to Equation 24.3. At the equilibrium level of output in Norway, consumption equals


◦ 2,220.
◦ 2,500.
◦ 3,140.
◦ 3,300.


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Marked as best answer by biggirl4568 on Apr 19, 2019

CAPTAINAMERICA

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