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Question 3 Let the following equations characterize the U.S. economy: Supply of goods = Y = 6,000 Demand for goods Y=C+I+G C= 1020 + 0.6 (Y-T) I= 700 = 800 – 25r T= 700 G=1100

Question-Answer › Category: Questions › Question 3 Let the following equations characterize the U.S. economy: Supply of goods = Y = 6,000 Demand for goods Y=C+I+G C= 1020 + 0.6 (Y-T) I= 700 = 800 – 25r T= 700 G=1100
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Divyansh asked 1 year ago

Question 3 Let the following equations characterize the U.S. economy: Supply of goods = Y = 6,000 Demand for goods Y=C+I+G C= 1020 + 0.6 (Y-T) I= 700 = 800 – 25r T= 700 G=1100
Question 3 Let the following equations characterize the U.S. economy: Supply of goods = Y = 6,000 Demand for goods Y=C+I+G C=

1 Answers
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Edward answered 1 year ago

A – Disposable income
= Y – t
= 6000 – 600
= $ 5400
B – Consumption = 1020 +0.6(5400)
= 1020 + 3240
= $ 4260
C – Private saving = Y – C
= 6000 – 4260
= $ 1740
D – Government saving
= T – G
= 600-1100
= $ (-500)
E – National saving = Private + Government saving
= 1740 -500
= $ 1240

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