Question
A hypothetical closed economy has a national income model of the form Y = C + I + G where C = 30 + 0.8Y
A hypothetical closed economy has a national income model of the form Y = C + I + G where
C = 30 + 0.8Y and I and G and private investment and government expenditure are
exogenously determined at 50 and 80 units respectively. Compute the national equilibrium
level of income for this economy using aggregate income equals aggregate expenditure.
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Using Excel For Principles Of Econometrics
Authors: R Carter Hill, Genevieve Briand
4th Edition
1118032101, 9781118032107
