The equations below represent Mikros, a small open economy.Solve for the following values.a. Net taxes = b. Consumption =  c. Investment = d. Trade balance = e. Equilibrium exchange rate =    (Note: Provide your answer with one decimal place.)

1.      In a classical model of a closed economy, assume the equilibrium GDP (Y) is $7000, Consumption C is given by the equation.C = 270 + 0.8 (Y-T).Taxes (T) is equal to $800 and government spending G is $500.What is the equilibrium investment?

Consider an economy with the following values: Autonomous Consumption = 1,200Autonomous Taxes = 1,750Planned Investment = 2,800Government Expenditure = 1,950Autonomous Net Exports = 350Marginal Propensity to Consume = 0.7Marginal tax rate = 0.16Marginal propensity to import = 0.08 Calculate the equilibrium level of income. Provide answer to 2 decimal points

In an open economy, assume national income is 6,000. The consumption function is given by: C=400+0.4(Y-T), the net exports function is NX=1,200-100𝟄, investment equals 2,000, and taxes and government spending are 300 each. What is the equilibrium real exchange rate?This is a multi answer question. You can select one or more options as the answer.A.1.0B.1.8C.1.02D.2.0

Consider the following economy:(1) C = 1000 + 0.3 (Y - T)(2) I = 700(3) G = 500(4) T = 100+0.1YWhat is the income of equilibrium? Note that now taxes change with income.

The following information describes an open economyC =60 +0.8Yd ; Yd = Y-T+ TR ; I= 100-5i ; i= 6; G =76; T =; 15; TR =60; X= 70; M= 12+0.2Y; i. Derive the IS equationli. Calculate equilibrium level of incomeiii. Calculate #foreign_trade_multiplieriv. At equilibrium whether the country enjoy a trade surplus or deficit? What is the size of trade surplus/deficit?v. If the government's expansionary monetary policy reduces the interest rate to 4 percent; what would be the impact of this policy change on the economy?