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The Republic of Yuck is a simple country with no government , no taxes and no imports or exports . Everyone saves exactly 22 percent
The Republic of Yuck is a simple country with nogovernment,no taxes and no imports or exports.
Everyone saves exactly 22 percent of income.
Economists have estimated that the Real GDP (Y) forYuckis 192 billionYuckdollars.
Planned investment is 67 billionYuckdollars.
Based on the data you determine that in Yuck the level of real GDP is in equilibrium or not in equilibrium?
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