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Consider the economy of Eupheme represented by the following information: Marginal Propensity to Consume: 0.70 Net Tax Rate 0.20 Consumption 2,000 Investment 500 Government Expenditure
Consider the economy of Eupheme represented by the following information: Marginal Propensity to Consume: 0.70 Net Tax Rate 0.20 Consumption 2,000 Investment 500 Government Expenditure 1,350 Exports 1,850 Marginal Propensity to Import 0.23 Marginal rate of depreciation 0.06 Price Level 150 due to rising trade liberalization and understanding the gains from trade the people of Eupheme begin to push for more trade treaties with neighboring countries, the result of this is | Am/=0.05 Compute the updated equilibrium level of national income after this shock: Round your unitless answer to two decimal places Answer: x (7,916.67)
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