This document summarizes an economics assignment with 4 questions. Question a solves an equation for the variable Y and gets the value of 200. Question b sets an equation for output potential (Y) equal to consumption (C) plus investment (I) and solves for C. Question c calculates output potential by subtracting actual output from maximum potential output. Question d defines the growth rate formula and calculates it to be -95.3% by comparing actual and potential output.
This document summarizes an economics assignment with 4 questions. Question a solves an equation for the variable Y and gets the value of 200. Question b sets an equation for output potential (Y) equal to consumption (C) plus investment (I) and solves for C. Question c calculates output potential by subtracting actual output from maximum potential output. Question d defines the growth rate formula and calculates it to be -95.3% by comparing actual and potential output.
This document summarizes an economics assignment with 4 questions. Question a solves an equation for the variable Y and gets the value of 200. Question b sets an equation for output potential (Y) equal to consumption (C) plus investment (I) and solves for C. Question c calculates output potential by subtracting actual output from maximum potential output. Question d defines the growth rate formula and calculates it to be -95.3% by comparing actual and potential output.