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Author Question: After government is added to the income-expenditure model, the formula for the aggregate consumption ... (Read 51 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Apr 19, 2019

Question 1

In 2016, the city of Miketown collected $250,000 in taxes and spent $350,000. In 2016, the city of Miketown had a


◦ budget surplus of $100,000.
◦ budget surplus of 57%.
◦ budget deficit of $100,000.
◦ budget deficit of $200,000.

Question 2

After government is added to the income-expenditure model, the formula for the aggregate consumption function is


◦ C = 
a - 
b(
Y - 
T).
◦ C = 
a - 
b(
T - 
Y).
◦ C = 
a + 
b(
Y + 
T).
◦ C = 
a + 
b(
Y - 
T).
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by appyboo on Apr 19, 2019

millet

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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appyboo

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  • Posts: 527
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Liamb2179

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  • Posts: 365
Reply 3 on: Yesterday
Great answer, keep it coming :)

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