Economics

posted by .

Suppose;

C = 500 + 0.80(Y – 400)

I = 400

G = 400

(X – M) = -100

Solve for income or GDP

  • Economics -

    GDP = C + I + G + (X - M)

    Where:
    C = household consumption expenditures / personal consumption expenditures
    I = gross private domestic investment
    G = government consumption and gross investment expenditures
    X = gross exports of goods and services
    M = gross imports of goods and services

    Note: (X - M) is often written as XN, which stands for "net exports"

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. economics please help

    this is a table with some questions and i don't know how to solve it (1)real domestic output (GDP=DI) in billions $200 $250 $300 $350 $400 $450 $500 $550 (2)aggregate expenditures private closed economy billions $240 $280 $320 $360 …
  2. ECONOMICS

    this is a table with some questions and i don't know how to solve it -------------table-------------------- (1)real domestic output (GDP=DI) in billions $200 $250 $300 $350 $400 $450 $500 $550 (2)aggregate expenditures private closed …
  3. astronomy

    A line in star's spectrum lies at 400.0 nanometers. In the laboratory, that same line lies at 400.2 nanometers. How fast is the star moving along the line of sight; that is, what is its radial velocity?
  4. economic

    1. If C = 1000 + 7/8[GDP-1000], I = 700 and G = 1000 and the economy is currently in equilibrium at 400 below full employment GDP, the correct fiscal policy would be to increase G by?
  5. Economics

    1) If C = 1000 + 7/8[GDP-1000], I = 700 and G = 1000 and the economy is currently in equilibrium at 400 below full employment GDP, the correct fiscal policy would be to increase G by?
  6. ECON

    If C = 500 + 3/4[GDP- 100], I = 300, G = 400, Xn =- 10 and full employment GDP is 210 less than current GDP, the proper action would be to increase taxes by?
  7. MAth

    I set this problem up as 500-2X=3,400 Marys monthly salary is $500 less than twice her daughter's salary. Together they earn $3,400 each month. How much is the daughter's salary. ans-1,300 500-500-2x=3,400-500 2x=3,100 2x/2=3,100/2 …
  8. finance

    P5 For the following projects, compute NPV, IRR, MIRR, profitability index, and payback. If these projects are mutually exclusive, which one(s) should be done?
  9. Math 8R - HW Qs. Check

    Fill in the numbers to continued the pattern. 1000, 900, 700, 400, ____, -500, _____ My Answer - 1000, 900, 700, 400, 0 , -500, 1000 1000 - 100 = 900 900 - 200 = 700 700 - 300 - 400 400 - 400 = 0 0 - 500 = -500 -500 - 600 = -1,100 …
  10. Algebra 1

    Which of the following equations best represents the function for the situation "an initial population (P) of 1,400 people decreasing by 5% per year (x)"?

More Similar Questions