Table 1 : Base year 2009, US dollars, Billion, annual
RGDP
C
I*
G
X-M
2012
15369,2
10449,7
2425,3
2953,9 452,5
2013
15710,3
10699,7
2542,5
2894,5 420,4
Data from GPO (U.S. Government Publishing Office
Macroeconomics
EC 2020 Summer 15
Hasti Hajiseyedjavadi
HW 1:
if C= 40 + 0.8Y ; I = 20 ; G =20 ; (X-M) = 30
1. Value of E
Ed = C + I + G + X - M => E = 40 + 20 + 20 + 30 + 0.8Y => E = 110 + 0.8Y
2. siz
5. what happens to E line if interest rate goes down => and what happens to Y equilibrium
Ed =Y
Ed0 =A0 + bY
Ed
Ed1 =A1 + bY
550
550
Yequil
Y
This is the new Y equilibrium that can be calculated havin