Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 15 Jun 2017 My Price 12.00

Expert economists in the economy of Yuk

Expert economists in the economy of Yuk estimate the following:
BILLION YUKS
Real output/income 1,000
Government purchases 200
Total net taxes 200
Investment spending (planned) 100
Assume that Yukkers consume 75 percent of their disposable
incomes and save 25 percent.
a. You are asked by the business editor of the Yuk Gazette to
predict the events of the next few months. By using the data
given, make a forecast. (Assume that investment is constant.)
b. If no changes were made, at what level of GDP (Y) would the
economy of Yuk settle?
c. Some local conservatives blame Yuk’s problems on the size of
the government sector. They suggest cutting government
purchases by 25 billion Yuks.What effect would such cuts
have on the economy? (Be specific.)

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Jun 2017 04:06 AM My Price 12.00

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