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The equations below represent Mikros, a small open economy. Y equals C plus I plus G plus N X Y equals 7000 S equals 400
The equations below represent Mikros, a small open economy. Y equals C plus I plus G plus N X Y equals 7000 S equals 400 S subscript p r i v a t e end subscript equals 1000 G equals 1600 C equals 200 plus 0.8 left parenthesis Y minus T right parenthesis I equals 900 minus 5000 r N X equals 100 minus 375 epsilon r equals r to the power of asterisk times equals 0.02 Solve for the following values. a. Net taxes open parentheses T close parentheses = b. Consumption open parentheses C close parentheses = c. Investment open parentheses I close parentheses = d. Trade balance left parenthesis N X right parenthesis= e. Equilibrium exchange rate open parentheses epsilon close parentheses = (
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