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Economics Quantitatively Treated :Simultaneous Equations Assignment

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Added on: 2023-05-05 06:00:11
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  • Subject Code :

    EC4004

Economics Quantitatively Treated (EC4004)Exercise12:SimultaneousEquations2

  1. Solve the following sets of equations for Y (be careful to identify which variablesare exogenousandwhichareendogenous):

(a)

E=Y

(1.a.1)

E=C+ I

(1.a.2)

C=0.8Y

(1.a.3)

(b)

E=Y

(1.b.1)

E=C+ I

(1.b.2)

C=0.5Y

(1.b.3)

(c)

E=Y

(1.c.1)

E=C+ I

(1.c.2)

C=100+0.5Y

(1.c.3)

(d)

E=Y

(1.d.1)

E=C+ I+ G

(1.d.2)

C=0.75Y

(1.d.3)

I=0.1Y

(1.d.4)

  1. In the economy described by the set of equations (1.a.1) - (1.a.3), how much will GDP (Y) increasebyifinvestment(I)increasesbyoneunit?
  1. In the economy described by the set of equations (1.b.1) - (1.b.3), how much will GDP (Y) increasebyifinvestment(I)increasesbyoneunit?
  1. In the economy described by the set of equations (1.c.1) - (1.c.3), how much will GDP (Y) increasebyifinvestment(I)increasesbyoneunit?
  1. In the economy described by the set of equations (1.d.1) - (1.d.4), how much will GDP (Y)increasebyifgovernmentexpenditure(G)increasesbyoneunit?

  • Uploaded By : Katthy Wills
  • Posted on : May 05th, 2023
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