Given the following parameters for the economy of North Happin:
a)What is the value of equilibrium income?
b)What is the value of the government budget at equilibrium income? Suppose $4,000 is the full employment level of income for North Happin.
c)By how much should the government of North Happin change G to reach full employment? Cannot calculate with the new consumption function
Definitions:
Total Market Value
The aggregate valuation of a company or asset in the marketplace, calculated by multiplying the current market price of its shares by the total number of shares outstanding.
Price Following Split
The adjusted price of a stock after the company carries out a stock split, intended to make the stock more affordable to investors.
Residual Dividend Policy
A strategy where dividends to shareholders are paid from the residual or leftover equity once all project and operational costs have been met.
Target Capital Structure
Refers to the mix of debt, equity, and other financing sources a company aims to maintain to fund its operations and growth.
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