1)Given the following information:
Indirect business taxes (170)
Capital consumption allowance (200)
Business transfer payment (10)
Net national product (2545)
Find:
a)Gross national product
b)National income
2)Given the following National income model
Y=C+I+G+X-M
C=100+0.8Yd Yd=disposable income
T=50+0.2Y
G=150 I=80 X=70
M=200+0.04Y
a)Find the equilibrium income
b)Equilibrium level of imports
c)Government expenditure multiplier
d)If exports increase by 20%, what will happen to equilibrium taxes?
e)What is government budget position at equilibrium?
f)What is the foreign trade position at equilibrium?
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