Author Question: The Canadian economy can be characterized by Equation 24.2. EQUATION 24.2: C= 500 + 0.5 Yd Taxes = ... (Read 47 times)

ghost! · **on:** Apr 19, 2019

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.

nothere · **Reply #1 on:** Apr 19, 2019

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