Question
Consider a Keynesian Cross Model with following
features, Consumption Function: C= C0 + b (Y – T) Tax Function: T = T0 + tY Income Identity: Y = C + Io + Go Where, C = Consumption; Y = Real Income; T = Tax; I = Investment; G = Government Expenditure; b = Parameter; t = Tax Rate (The subscript 0 (zero) indicates that the concerned variable is autonomous) If b = 0.7 and t = 0.2, value of the Keynesian multiplier is_________?Solution
Multiplier = 1/ (1-b+bt) = 1/(1-0.7+(0.7*0.2)) = 2.27
In a mixture 'P', 5 liters of water are replaced with honey, resulting in the mixture containing 55% honey. If the original mixtu...
The mean deviation of the data 3, 10, 10, 4, 7, 10, 5 is:
By which of the following symbol all Excel formula starts?
Simplify: (2x)²-(2y)²-(4x)²
Which of the following shortcut key use to check Spellings in MS Office?
In how many days can ‘Q’ alone complete the work?
I. P, Q and R together can complete the work in 9`(3)/(13)` days.
II. P and ...
Select the correct set of symbols which will fit in the given equation.
5 0 3 5 = 20
The average of first nine prime numbers isÂ
The number of five–digit telephone numbers having at least one of their digits repeated is
