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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 54 times)

tatyanajohnson

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on: Apr 19, 2019

Question 1

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, government purchases in Canada is


◦ $1,500.
◦ $1,250.
◦ $1,000.
◦ cannot be determined from the given information.

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, saving in Canada equals


◦ $1,200.
◦ $1,250.
◦ $1,350.
◦ $1,600.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tatyanajohnson on Apr 19, 2019

Liamb2179

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Reply #1 on: Apr 19, 2019
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tatyanajohnson

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Reply #2 on: Apr 19, 2019
Thank you!


Liamb2179

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Reply #3 on: Apr 19, 2019
Always glad to help...


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