In the Following Table,you Are Given the Following Parameters for the Economy

question 42

Short Answer

In the following table,you are given the following parameters for the economy of Patris:
a)What is the value of expenditures equilibrium?
b)What is the value of total leakages and injections at expenditures equilibrium?
c)What is the value of the multiplier?

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Definitions:

Standard Deviation

A gauge for the level of variance or scattering of values within a dataset.

Exponential Distribution

A continuous probability distribution used to model the time between events in a process where events occur continuously and independently at a constant average rate.

Mean

The average of a set of numbers, computed by dividing the sum of these numbers by the count of numbers in the set.

Parameter λ

Often used to denote a rate parameter in exponential distributions which quantifies the frequency of occurrence for a given event.