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Suppose that the following information describes a particular economy: C = 175 + 0.8Yd I=500 G=300 X=25+0.2Y t=30% Calculate the equilibrium income level (Y) in

Suppose that the following information describes a particular economy:

C = 175 + 0.8Yd

I=500

G=300

X=25+0.2Y

t=30%

Calculate the equilibrium income level (Y) in this economy by means of total expenditure approach

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