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ECS2602 ASSESSMENT 1 2024 SEMESTER 1
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ECS2602 ASSESSMENT 1 2024 SEMESTER 1
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BMZ ACADEMYBMZ Academy
CONTACT @ 061 262 1185/068 053 8213/0717513144
BMZ ACADEMY 0612621185/ 0717513144/ 068 053 8213
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, BMZ ACADEMY
BMZ ACADEMY 0612621185/ 0717513144/ 068 053 8213
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1. A
2. D
BMZ ACADEMY 0612621185/ 0717513144/ 068 053 8213
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, BMZ ACADEMY
3. C.
Y=C+I+G 1
C = C0 + cYd 2
Yd = Y – T 3
In equation 1, substitute C by equation 2 (C = C0 + cYd)
Y = C0 + cYd + I + G 4
In eqt 4 substitute Yd by equation 3 (Yd = Y- T)
Y = C0 + c(Y – T) + I + G 5
Solve equation 5 to get Y
Y = C0 + cY – cT + I + G
Y – cY = C0 – cT + I + G
Y – 0.5Y = 600 – 0.5*300 + 40 + 280
0.5Y = 770 000
Y = 1 540 000
BMZ ACADEMY 0612621185/ 0717513144/ 068 053 8213
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