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An economy has a consumption function of C = 10+ 0.8 Y , investment of6, government expenditure of10, exports of10, and an import function of
An economy has a consumption function of C= 10+ 0.8Y, investment of6, government expenditure of10, exports of10, and an import function of M= 0.1Y.
What is equilibrium realGDP?
A.
36
B.
51
C.
360
D.
120
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