Question
(c) Sunny Land has transit to a full economic model to include a foreign sector with: M = 0.4 Y and X = 1800 where
(c) Sunny Land has transit to a full economic model to include a foreign sector with:
M = 0.4Y and X = 1800 where M is imports and X is exports.
Calculate the new equilibrium level of national income for Sunny Land. [3mk]
(d) Show the final equilibrium level of income on the 450 diagram. [5mk]
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
