Business, 02.03.2020 19:13 court3138

Given the following for the economy of a country:

1. consumption function: C = 85+0.5 Yd
2. Investment function: I = 85
3. Gov't Expenditures: G = 60
4. Net Exports: X = 40 - 0.1Y
5. Net Taxes: T = -40 + 0.25Y
6. Disposable Income: Yd = Y-T

Solve for equilibrium income, Y.

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Given the following for the economy of a country:

1. consumption function: C = 85+0.5 Yd...

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