The goods market of a closed economy obeys the following equation system: C = 50 + 0.9(Y −T) Z = C + I + G,
with the given exogenous values
I = 100, G = 600, T = 500.
a)Determine the equilibrium values for output at Y = Z, for C, and for disposable income Y −T = YD. Evaluate the fiscal multiplier.
b)This equilibrium is unsatisfactory, as government expenditures exceed revenues and thus public saving is negative. Determine the values for G and T that are required to fulfill the condition G = T and nevertheless keep output Y at the same level. Evaluate C and YD.
c)Suppose the government now increases G as well as T by the same amount, say by 100. By how much does Y change if at all? The corresponding value ∆Y/∆G is called the balanced-budget multiplier.
d)Now re-consider the original economy in (a), i. e. without assuming G = T, but assume that taxes T depend on output T = 0.2Y. Determine the fiscal multiplier for this modified model.

The owners of backstreets italian restaurant are considering starting a delivery service forpizza and their other italian dishes in the small college town where they are located. theycan purchase a used delivery van and have it painted with their name and logo for $21,500.they can hire part-time drivers who will work in the evenings from 5 p. m. to 10 p. m. for$8 per hour. the drivers are mostly college students who study at the restaurant when theyare not making deliveries. during the day, there are so few deliveries that the regular employeescan handle them. the owners estimate that the van will last 5 years (365 days per year)before it has to be replaced and that each delivery will cost about $1.35 in gas and othermaintenance costs (including tires, oil, scheduled service, they also estimate that onaverage each delivery order will cost $15 for direct labor and ingredients to prepare andpackage, and will generate $34 in revenue. a. how many delivery orders must backstreets make each month in order for the service to break even? b. the owners believe that if they have approximately the break-even number of deliveries during the week, they will at least double that number on fridays, saturdays, and sundays. if that’s the case, how much profit will they make, at a minimum, from their delivery service each month (4 weeks per month)?

In addition to having a bachelor's degree in accounting, a certification will increase a tax accountant's job opportunities and allow them to file reports with the

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58