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An economy is defined by the following equations: C=500+0.8(Y-T) 1=300+0.3Y X=0.3Y* IM=0.3Y T=1000, G=2000, Y*=5000 The equation of the demand for domestic goods (Z) is: (A) Z=3500+0.5Y (B) Z-4000+0.8Y Z=3500+0.8Y D) none is correct

An economy is defined by the following equations: C=500+0.8(Y-T) 1=300+0.3Y X=0.3Y* IM=0.3Y T=1000, G=2000, Y*=5000 The equation of the demand for domestic goods (Z) is: (A) Z=3500+0.5Y (B) Z-4000+0.8Y Z=3500+0.8Y D) none is correct

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 22 An economy is defined by the following equations: C=500+0.8(Y-T) 1=300+0.3Y X=0.3Y* IM=0.3Y T=1000, G=2000, Y*=5000 The equation of the demand for domestic goods (Z) is: A Z=3500+0.5Y (B) Z-4000+0.8Y C) Z=3500+0.8Y D) none is correct
Transcribed Image Text:Question 22 An economy is defined by the following equations: C=500+0.8(Y-T) 1=300+0.3Y X=0.3Y* IM=0.3Y T=1000, G=2000, Y*=5000 The equation of the demand for domestic goods (Z) is: A Z=3500+0.5Y (B) Z-4000+0.8Y C) Z=3500+0.8Y D) none is correct
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