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Given the following equations for an open economy: Y= C +1 + G+ NX C = 500 + 0.8Y where Y is disposable income IP

Given the following equations for an open economy: Y= C +1 + G+ NX C = 500 + 0.8Y where Y is disposable income IP = 70 G = 100 T =50 where T is lump sum tax NX = 70 Solve for the following

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