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2. Suppose a country has the following data (in RM million):C=150 +0.75Yd; Yd =Y-T;Tg-R1=100G=150Tg=200R=100 Chapter 3 Based on this data: i. Calculate the equilibrium of
2. Suppose a country has the following data (in RM million):C=150 +0.75Yd; Yd =Y-T;Tg-R1=100G=150Tg=200R=100 Chapter 3 Based on this data: i. Calculate the equilibrium of national income.ii. Derive the leakage function in terms of income (Y).iii. At the equilibrium level of national income, calculate the value of savingiv. What is the value of net taxes at the equilibriumincome levev. How much will government spend if the government wants to increase the incomeequilibrium by RM 100 milliorvi. What is the country's new income when net export is RM100 million, and the conditioris the tendency to import, which is influenced by income (Y), is 0.35Y
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