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Table D7 represents the data behind a Keynesian cross diagram. Assume that the tax rate

Principles of Economics | 2nd Edition | ISBN: 9781947172364 | Authors: Steven A. Greenlaw, David Shapiro, Timothy Taylor ISBN: 9781947172364 471

Solution for problem Exercise D4 Chapter D

Principles of Economics | 2nd Edition

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Principles of Economics | 2nd Edition | ISBN: 9781947172364 | Authors: Steven A. Greenlaw, David Shapiro, Timothy Taylor

Principles of Economics | 2nd Edition

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Problem Exercise D4

Table D7 represents the data behind a Keynesian cross diagram. Assume that the tax rate is 0.4 of national income; the MPC out of the after-tax income is 0.8; investment is $2,000; government spending is $1,000; exports are $2,000 and imports are 0.05 of after-tax income. What is the equilibrium level of output for this economy? National Income After-tax Income Consumption I + G + X Minus Imports Aggregate Expenditures $8,000 $4,340 $9,000 $10,000 $11,000 Table D7 National Income After-tax Income Consumption I + G + X Minus Imports Aggregate Expenditures $12,000 $13,000 Table D7

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Financial Accounting Week 2 Bold: key word Green: definition Blue: to remember Red: very important è: Therefore, in consequence We had introduced the concept of the basic accounting equation à it is the prism through which we will analyze every recorded event. à We know a transaction has occurred if it has an impact on the accounting equation. Example: We are going into the Business of buyingstnd selling baseballs. The business goes into existence on January 1 , 2016. We are forming our Business as a sole proprietorship. The economic entity assumption: We tell the story of a discrete economic entity as if it were separate from its owners even if it’s legally not the case. à From an accounting standpoint, the economic en

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Chapter D, Problem Exercise D4 is Solved
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Textbook: Principles of Economics
Edition: 2
Author: Steven A. Greenlaw, David Shapiro, Timothy Taylor
ISBN: 9781947172364

This full solution covers the following key subjects: . This expansive textbook survival guide covers 37 chapters, and 1291 solutions. The answer to “Table D7 represents the data behind a Keynesian cross diagram. Assume that the tax rate is 0.4 of national income; the MPC out of the after-tax income is 0.8; investment is $2,000; government spending is $1,000; exports are $2,000 and imports are 0.05 of after-tax income. What is the equilibrium level of output for this economy? National Income After-tax Income Consumption I + G + X Minus Imports Aggregate Expenditures $8,000 $4,340 $9,000 $10,000 $11,000 Table D7 National Income After-tax Income Consumption I + G + X Minus Imports Aggregate Expenditures $12,000 $13,000 Table D7” is broken down into a number of easy to follow steps, and 95 words. The full step-by-step solution to problem: Exercise D4 from chapter: D was answered by , our top Business solution expert on 03/16/18, 04:24PM. This textbook survival guide was created for the textbook: Principles of Economics, edition: 2. Since the solution to Exercise D4 from D chapter was answered, more than 231 students have viewed the full step-by-step answer. Principles of Economics was written by and is associated to the ISBN: 9781947172364.

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Table D7 represents the data behind a Keynesian cross diagram. Assume that the tax rate