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Assignment #2ECON 104Spring 2014Due March 31st at 9:05 a.m.Late assignments will not be acceptedInclude your name, your student ID #, and your TAs name with your assignmentShow your work or explain how you derived your answers1. Complete the table. Round all calculations to two decimals.Year12345Nominal GDP5000.005356.005793.066266.176649.03Real GDP5000.005150.005305.005465.005630.00GDP Deflator100.00104.00109.20114.66118.10Inflation RateN/A0.040.050.050.032. Using the following information:C = 400 + .90 YdI = 200Yfull = 7500a) Calculate equilibrium disposable income for the one and two-sector models.One-sector:C = 400 + .90 Ydand we know C = YdTherefore:Yd = 400 + .90 Yd.10 Yd = 400Yd = 400/.10 = 4000Two-sector:C + I = 400 + .90 Yd + 200Therefore:Yd = 600 + .90 Yd.10 Yd = 600Yd = 600/.10 = 6000and we know C + I = Yd

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