The Ghana economy which is a closed economy can be characterized by Equation 1.

EQUATION 1:

C = 500 + 0.9Yd

G = 400

T = 200

I = 300

a) Refer to Equation 1.Find the equilibrium level of output (Y) for the Ghana economy.

I find 10200 is that true?

b) Refer to Equation 1.At the equilibrium level of output in Ghana, find the consumption

I find 9500 is that true?

c)Refer to Equation 1.at the equilibrium level of output in Ghana, find the saving (S) level

I find 500 is that true?