Problem. Suppose the structural model of an economy is given C 100+0.75 Y %3D 200 %3D G = T=100 %3D TR = 50 tere G is government expenditure on goods and services, T is lump sum tax and TR are transfer poments. (1) Find the equilibrium level of income.

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Problem. Suppose the structural model of an economy is given below :
C = 100+0.75 Y
I = 200
G = T=100
TR
= 50
tere G is government expenditure on goods and services, T is lump sum tax and TR are transfer
oments.
(1) Find the equilibrium level of income.
Transcribed Image Text:Problem. Suppose the structural model of an economy is given below : C = 100+0.75 Y I = 200 G = T=100 TR = 50 tere G is government expenditure on goods and services, T is lump sum tax and TR are transfer oments. (1) Find the equilibrium level of income.
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