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Consider the following information for a country:

Question : Consider the following information for a country: : 6767

Consider the following information for a country:

Consumption Function:C =85 + 0.5Yd

Investment Function: I = 85

Government Spending: G = 60

Net Taxes:T =-40 +0.25Y

Disposable Income: Yd= YT

Equilibrium: Y = C + I + G

Calculate the Level of Equilibrium income, Y, = $

 

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Economics 8 Months Ago 95 Views
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