The following set of equations describes the economy of a country A, in Africa C = 2000 + 0.75Id       consumption equation I = 36000                       investment G = 36000                     Government Expenditure X = 2550                        Exports M = 410 + 0.3Y            Import equation T = 100 + 0.25Y           Tax equation Compute the equilibrium National Income and imports for the country A Complete the tax multiplier and the Government spending multiplier Compute the equilibrium income and consumption

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The following set of equations describes the economy of a country A, in Africa

C = 2000 + 0.75Id       consumption equation

I = 36000                       investment

G = 36000                     Government Expenditure

X = 2550                        Exports

M = 410 + 0.3Y            Import equation

T = 100 + 0.25Y           Tax equation

  1. Compute the equilibrium National Income and imports for the country A
  2. Complete the tax multiplier and the Government spending multiplier
  3. Compute the equilibrium income and consumption
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