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Author Question: The Canadian economy can be characterized by Equation 24.2. EQUATION 24.2: C= 500 + 0.5 Yd Taxes = ... (Read 48 times)

ghost!

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Question 1

The Italian economy can be characterized by Equation 24.1.



EQUATION 24.1:




C = 300 + 0.8
Yd 


G = 400


T = 200


I = 200





Refer to Equation 24.1. At the equilibrium level of output in Italy, leakages equal


◦ $600.
◦ $650.
◦ $700.
◦ $750.

Question 2

The Canadian economy can be characterized by Equation 24.2.



EQUATION 24.2:




C = 500 + 0.5
Yd

Taxes = 600

Equilibrium Output = $4,000





Refer to Equation 24.2. At equilibrium, the sum of investment and government purchases in Canada is


◦ $1,800.
◦ $1,750.
◦ $1,500.
◦ cannot be determined from the given information.


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Marked as best answer by ghost! on Apr 19, 2019

nothere

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ghost!

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Reply 2 on: Apr 19, 2019
:D TYSM


dyrone

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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