Find equilibrium gdp and the budget deficit

Assignment Help Econometrics
Reference no: EM131353882

You are given the following information about an economy

1302_a495e009-0cb3-44fa-926d-6e6043fa3def.png

a. Find equilibrium GDP and the budget deficit.

b. Suppose the government, unhappy with the budget deficit, decides to cut government spending by precisely the amount of the deficit you just found. What actually happens to GDP and the budget deficit, and why?

Reference no: EM131353882

Questions Cloud

Theoretical plates to fully separate two solutes : Consider a 0.65 m column with van Deemter parameters A=0.22 mm, B=21.7 mm mL/min, and C=0.018 mm min/mL. If it takes at least 85 theoretical plates to fully separate two solutes, what range of flow rates can be used to separate the solutes? (Pleas..
Why diversity is important to an organizations success : Investigate two to three reasons why diversity is important to an organization's success. Speculate on the major potential ramifications to an organization if said organization does not practice diversity management.
Hydrochloric acid solution : A 1.87 g sample of Mg reacts with 80.0 mL of a hydrochloric acid solution (pH = -0.544). What is the pH of the solution after all the Mg has reacted? Assume constant volume.
Write a paper on police corruption and police misconduct : You need help with a paper on police corruption, police misconduct, and police brutality. Include the following in your paper:You need to describe the extent of police corruption, misconduct, and brutality in the United States.
Find equilibrium gdp and the budget deficit : Suppose the government, unhappy with the budget deficit, decides to cut government spending by precisely the amount of the deficit you just found. What actually happens to GDP and the budget deficit, and why?
Write an essay about molecular modelling : Write an essay about molecular modelling, its uses, and applications, and use a freely available modelling software from the internet and include the details of the modelling you followed, and give examples of at least three models you developed.
Show initial and final internal energies of gas are equal : A container with rigid well-insulated walls is divided into two parts by a partition. One part contains a gas, and the other is evacuated.- If the partition suddenly breaks, show that the initial and final internal energies of the gas are equal.
Hydrochloric acid produces carbonic acid and sodium chloride : 1. Calculate the grams of Na2CO3 required to prepare 250.0 mL of 0.375 M Na2CO3 solution. 2. The reaction of sodium carbonate with hydrochloric acid produces carbonic acid and sodium chloride.
What you consider to be the deficiencies of each theory : Describe at least 2 leadership theories and what you consider to be the benefits and deficiencies of each theory. Also, describe provide the following for at least 2 leadership styles a general description.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd