Part 1 Given:
Y 800, 1000
T 240, 290
Yd 560, 710
C 920, 1032.50
C+I 642.5, 980, 1092.5
C+I+G 792.5, 1131, 1242.5
C+I+G+X-M 862.5, , 1072.5
M , 360, ,
Consumption Function?
Tax Function?
Import Function?
Find the national income if C+I+G+X-M is equal to 862.50
Find tax if C+I+G is equal to 792.50
Find Yd if C+I is equal to 642.50
Answer (2)
Grassland, Sea, Desert, Forest, Polar Habitats
Consumption Function - C = 0.75Yd + 350 (from 560 → 920, 710 → 1032.5).Tax Function - T = 0.3Y (from 800 → 240, 1000 → 290).Import Function - M = 0.2Y (from 1000 → 360).National Income if C+I+G+X-M = 862.5 - Y = 800.Tax if C+I+G = 792.5 - T = 240.Yd if C+I = 642.5 - Yd = 560.
