1.

Suppose C= 100 + 0.75Y D, I = 500, G = 750, taxes are 20per cent of income, X = 150, M = 100 + 0.2Y.Calculate equilibrium income, the budget deficit or surplus and thetrade deficit or surplus.

Answer»

Suppose C
= 100 + 0.75Y D, I = 500, G = 750, taxes are 20
per cent of income, X = 150, M = 100 + 0.2Y.
Calculate equilibrium income, the budget deficit or surplus and the
trade deficit or surplus.


Discussion

No Comment Found

Related InterviewSolutions