Please help Consider the following economyC=1000+0.4(Y-T)|=500T=400G=300What is the income of equilibrium?

Given: C=1000+0.4(Y-T) I=500 T=400 G=300 To find: Income of equilibrium

Answered: Consider the following economy…

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Consider the following economy C=1000+0.4(Y-T) 1=500 T=400 G=300 What is the income of equilibrium?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter5: Income And Substitution Effects

Section: Chapter Questions

Problem 5.8P

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Please help

Consider the following economy
C=1000+0.4(Y-T)
|=500
T=400
G=300
What is the income of equilibrium?

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