- +1-530-264-8006
- info@tutorsglobe.com

Calculate the equilibrium level of income or real gdp for

Can you please help me calculate the answers to the questions below showing the equations and work so that I can help understand.

Assume that the consumption schedule for a private open economy is such that consumption C = 20 + 0.80Y. Assume further that planned investment Ig and net exports Xn are independent of the level of real GDP and constant at Ig = 40, G and Xn = 10. Recall also that, in equilibrium, the real output produced (Y) is equal to aggregate expenditures: Y = C + Ig + G+ Xn.

Calculate the equilibrium level of income or real GDP for this economy.What happens to equilibrium Y if G changes to 20? What does this outcome reveal about the size of the multiplier? What does this outcome reveal about the impact of fiscal policy?

Now Priced at $20 (50% Discount)

Recommended **(99%)**

18,76,764

Questions

Asked

21,311

Experts

9,67,568

Questions

Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment
## Q : How have financial innovations increased the liquidity of

how have financial innovations increased the liquidity of home mortgages since the late 1970s has this increase in