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    Northwest Florida State College
    Jun-1992 - May-1997

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    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 05 May 2017 My Price 9.00

Consider the four-sector macroeconomic model

Consider the four-sector macroeconomic model

(1) Show that

(2) (a) Write down the autonomous taxation multiplier. Deduce that an increase in T* causes a decrease in Y on the assumption that a country’s marginal propensity to import, m, is less than its marginal propensity to consume, a.

(b) Write down the government expenditure multiplier. Deduce that an increase in G* causes an increase in Y.

(3) Let a = 0.7, b = 150, t = 0.25, m = 0.1, T* = 100, I* = 100, G* = 500, M* = 300 and X* = 160.

(a) Calculate the equilibrium level of national income.

(b) Calculate the change in Y due to an 11 unit increase in G*.

(c) Find the increase in autonomous taxation required to restore Y to its level calculated in part (a).

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Status NEW Posted 05 May 2017 01:05 PM My Price 9.00

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