Using the following equation calculate the equilibrium income C=100 + 0.5Y G=500 I=600 Export=60 Imports =75

Microeconomic Theory
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ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter5: Income And Substitution Effects
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Problem 5.8P
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Using the following equation calculate the equilibrium income

C=100 + 0.5Y

G=500

I=600

Export=60

Imports =75

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