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C = 60 + 0.75 Yd T = 0.2Y I = 40 X = 10 M = 5 + 0.1Y G = 50 1) What

C = 60 + 0.75 Yd

T = 0.2Y

I = 40

X = 10

M = 5 + 0.1Y

G = 50

1) What is the equilibrium income?

2) Find the equilibrium income level of income by using leakages-injections

approach.

3)What is the budget deficit/surplus?

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