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*** REPEAT QUESTION. PLS DO CLEARLY IN EVERY STAGE OF CALCULATION WITH EXPLAINATION PLS*** Suppose you have the following national income model: Y - C

*** REPEAT QUESTION. PLS DO CLEARLY IN EVERY STAGE OF CALCULATION WITH EXPLAINATION PLS***

Suppose you have the following national income model:

Y - C =G

-0.5 Y + C = 127-0.5T

-0.30000000000000004Y + T = 199

Convert this system of equations in matrix form.

(a) What is the determinant of the coefficient matrix?

(Note: you can use either inversion or Cramer's rule to find the values of Y, C and T.)

(b) What is the equilibrium value of Y?

(c) What is the equilibrium value of C?

(d) What is the equilibrium value of T?

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