[Answered] C = 4,000 + 0.5Y I = 1,500 G =2,250 NX = -150 Given the equations for C, I, G, and NX above, ...

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Author Question: C = 4,000 + 0.5Y I = 1,500 G =2,250 NX = -150 Given the equations for C, I, G, and NX above, ... (Read 14 times)

HudsonKB16

Hero Member
Posts: 535

on: Jun 29, 2018

C = 4,000 + 0.5Y
I = 1,500
G =2,250
NX = -150

Given the equations for C, I, G, and NX above, what is the equilibrium level of GDP (Y)?

Question 2

Prior to 1970, mortgages were ________ resold in the secondary market.

A) never B) often C) rarely D) always

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HandsomeMarc

Sr. Member
Posts: 360

Reply #1 on: Jun 29, 2018

Answer to Question 1

Y = C + I + G + NX.
Y = 4,000 + 0.5Y + 1,500 + 2,250 + (-150 )
Y = 7,600 + 0.5Y.
0.5Y = 7,600.
Y = 15,200.

Answer to Question 2

C

HudsonKB16

Hero Member
Posts: 535

Reply #2 on: Jun 29, 2018

Correct answers!

HandsomeMarc

Sr. Member
Posts: 360

Reply #3 on: Jun 29, 2018

Great! Please up vote

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Author Question: C = 4,000 + 0.5Y I = 1,500 G =2,250 NX = -150 Given the equations for C, I, G, and NX above, ... (Read 14 times)

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