C = 155 + 0.75Yd, where C = consumption function; Yd (Y-T) = Disposable income I = 150; I = Investment G = 200; G = Government expenditure T = 100; T = tax revenue X = 40; X = Export M = 30; M = Import Also assume that Yf = Full employment GDP (potential GDP) = 2,000

ESTIMATE THE EQUILIBRIUM GDP LEVEL (INCOME, YE)

Ye = (C + I + G + (X - M) Ye = ((155 + 0.75(2000-100)) + 150 + 200 + (40 - 30)) Ye = 1940 <-- is this correct?

ALSO WHAT WOULD THE EQUILIBRIUM GDP LEVEL (INCOME,Ye) be if C = 115 + 0.75Yd?