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Homework answers / question archive / Consider the following economy
Consider the following economy. C = 1000 + 0.8YD T = 0.25Y I = 325 G = 225 X = 450 M = 0.1Y
1)In equilibrium, this economy is...
a. A net exporter of 450. b. A net importer of 50. c. A net exporter of 50. d. There is insufficient information.
2)The government will run a budget surplus is GDP is greater than...
a. 775. b. 225. c.900. d.650.
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