Th e fundamental equations in an economy are given as: Consumption function C = 50 + 0.50Yd

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Th e fundamental equations in an economy are given as:

Consumption function C = 50 + 0.50Yd Investment function⎯I = 350 Tax T = 60 Government expenditure G = 200 Exports X = 90 Imports M = 0.05Y

(a) Find the equilibrium level of income.

(b) Find the net exports.

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Managerial Economics

ISBN: 9788131775622

1st Edition

Authors: Vanita Agarwal

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Question Posted: Nov 07, 2024 04:00 AM

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Th e fundamental equations in an economy are given as: Consumption function C = 50 + 0.50Yd

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Managerial Economics

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