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Author Question: The Peruvian economy can be characterized by Equation 24.4. EQUATION 24.4: C= 400 + 0.6 Yd Taxes = ... (Read 47 times)

kamilo84

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Question 1

The Peruvian economy can be characterized by Equation 24.4.



EQUATION 24.4:




C = 400 + 0.6
Yd

Taxes = 600

Equilibrium Output = $4,000





Refer to Equation 24.4. At equilibrium, the sum of investment and government purchases in Peru is


◦ 2,040.
◦ 1,560.
◦ 1,440.
◦ cannot be determined from the given information

Question 2

The Peruvian economy can be characterized by Equation 24.4.



EQUATION 24.4:




C = 400 + 0.6
Yd

Taxes = 600

Equilibrium Output = $4,000





Refer to Equation 24.4. At equilibrium, government purchases in Peru is


◦ 2,040.
◦ 1,560.
◦ 1,440.
◦ cannot be determined from the given information


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Marked as best answer by kamilo84 on Apr 19, 2019

flannelavenger

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