10.* (a) The major macro aggregates for an economy are given as follows. Consumption C = 60...
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10.*
(a) The major macro aggregates for an economy are given as follows.
Consumption C = 60 + 0.8Yd
(Yd is disposable income)
Investment I = 100 – 5i
% Interest rate i = 6 Government expenditure G = 50 Lump-sum Tax T = 15 Transfer payments TR = 60 Exports X = 70 Imports M = 12 + 0.2Y Calculate the following:
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