If the consumption function in an economy as follows C = 50 + 0.75Y and the following variables fixed at investment = 250 MD, Government expenditure = 200MJD, Net exports = 200MJD. The equilibrium income is equal to? %3D

If the consumption function in an economy as follows C = 50 + 0.75Y and the following variables fixed at investment = 250 MD, Government expenditure = 200MJD, Net exports = 200MJD. The equilibrium income is equal to? %3D

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section9.A: The Simple Algebra Of Income Determination And The Multiplier

Problem 5TY

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If the consumption function in an economy as follows C = 50 + 0.75Y and the following variables
fixed at investment = 250 MD, Government expenditure = 200MJD, Net exports = 200MJD. The
equilibrium income is equal to?
%3D

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