Assume the nationalincome model is in the form: Y =-:S'+IU+G'{J C =o+.5{YT) (a 3 D;O Assume the national income model is in the form: Y

Assume the nationalincome model is in the form: Y =-:S'+IU+G'{J C =o+.5{YT) (a 3 D;O<: c1 t=",-+45Y, {~,-:>D;D<:6<:1] where the endogenous variables are 1" income c and the exogenous variables are in gd expenditures other parameters ii . check whether conditions of implicitfunction theorem satised if so write equilibrium identity. find g discuss their economic implications>

Assume the national income model is in the form: Y = C' +10 Go C = 0+(Y -T) (a 1) (2) where the endogenous variables are Y (national income), C (consumption), and T (taxes), and the exogenous variables are 10 (investment), Go (government expenditures), and other parameters in (i) In (21), check whether the conditions of the implicit-function theorem are satisfied. If so, write the equilibrium identity. (ii) Find and and discuss their economic implications.