Question
Consider an economy described by the following
equations: C = 100 + 0.6 ∗ (Y − T) (consumption function) I = 200 − 1000 ∗ r (investment function) G = T = 100 (government purchase and tax) where Y is the national income and r is the interest rate. Assume r = 10%, What is the equilibrium income?Solution
The planned expenditure is
PE=0.6Y+240.
Equalize the planned expenditure and the actual expenditure we have
0.6Y+240=Y
which gives Y*= 600.
Find the wrong number in the series given below.
3, 10, 89, 99, 301, 908
Find the wrong number in the given series.
9, 18, 54, 270, 1899, 20790
In the following question, select the wrong number from the given alternatives.
48, 50, 52, 57, 59, 68, 75
Select the number from among the given options that is wrong in the following series.
22, 30, 46, 78, 146, 270
In the following question, select the wrong number from the given alternatives.
56, 62, 74, 94, 116, 146
Select the wrong term in the series.
7, 14, 42, 210, 1470, 17640
Find the wrong number in the series given below.
7, 22, 68, 217, 625, 1880
Find the wrong number in the given series.
5, 3, 6, 17.25, 64.75
Find the wrong number.
17, 25, 37, 47, 65, 81
Find the wrong number in the given series.
45, 50, 60, 80, 120, 180, 360
