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QUESTION 5) Considering a three sector economy, ie., Y = C + I + G, derive the expression for output (.Y) and aggregate demand (AD)

QUESTION 5)

Considering a three sector economy, ie., Y = C + I + G, derive the expression for output (.Y) and aggregate demand (AD)

QUESTION 6)

Consider an economy having following values of Consumption, Investment, Government Spending, and Taxes

C = 300 + 0.7Yd I = 200 - 200i G = 600 T = 100

Derive the aggregate demand equation. Also, calculate the output in an economy.

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