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Consider the following model of the Economy: C = 1000 + .75 (Yd); Yd = Y T + TR; T = .20Y, TR = 400;

Consider the following model of the Economy: C = 1000 + .75 (Yd); Yd = Y T + TR; T = .20Y, TR = 400; G = 2000, l = 1500. What is the equilibrium income? Select one: \"'a. 4800 b. 11250 c. 12000 d. 30000 e. 48000

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