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The following equations describe a closed economy. The following equations describe a closed economy. C=80+0.8(Y-T) Ip = 200 G =100 T = 100 + 0.4Y

The following equations describe a closed economy.

The following equations describe a closed economy. C=80+0.8(Y-T) Ip = 200 G =100 T = 100 + 0.4Y Equilibrium GDP for this economy is (approximately) given by: O 559 O 1,500 O 731 O 577 O 441

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