What determines consumption. Consider the consumption function: C = 600 + .9YD
Where C represents consumption and YD represents disposable income (i. e., Y – T). To begin, assume there is no government, investment, or foreign spending. Further, assume taxes are originally set to zero so YD and Y are equal.
Write a mathematical equation expressing Savings as a function of income. In other words, what is the savings function in this economy?

What is the equilibrium level of income and consumption in this economy?

How much savings occurs in this equilibrium?

Imagine that the citizens of this country impose an income tax of 10% on themselves. In other words, for each dollar of income earned, the citizens must pay 10 cents of it to the government before they can spend the remainder of their money. After imposing this tax, how what is the new value of income and consumption in this economy?

Balance sheet baggett company's balance sheet accounts and amounts as of december 31, 2016, are shown in random order as follows: account debit (credit) account debit (credit) income taxes payable $(3,800) additional paid-in capital on preferred prepaid items 1,800 stock $(7,900) additional paid-in capital on common stock (9,300) allowance for doubtful accounts (1,600) land 12,200 bonds payable (due 2020) (23,000) notes payable (due 2019) (6,000) buildings 57,400 notes receivable (due 2018) 16,400 sinking fund to retire bonds payable 5,000 accounts receivable 12,600 advances from customers (long-term) (2,600) premium on bonds payable (1,400) cash 4,300 accounts payable (13,100) accumulated depreciation: equipment (9,700) inventory 7,400 retained earnings (18,300) accumulated depreciation: buildings (21,000) preferred stock, $100 par (18,600) patents (net) 4,600 wages payable (1,400) equipment 28,700 common stock, $10 par (12,700) required: 1. prepare a december 31, 2016 balance sheet for the baggett. baggett company balance sheet december 31, 2016 assets current assets: $ $ $ long-term investments: $ property, plant, and equipment: $ $ $ intangible assets: liabilities current liabilities: $ $ long-term liabilities: $ $ other liabilities: shareholders' equity contributed capital: $ $ $ $ 2. compute the debt-to-assets ratio. round to one decimal place. do not enter a percent sign (%) as part of your answer. %

Why do police officers get paid less than professional baseball players?

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. true or false