Answer to Question #240485 in Macroeconomics for Prince

Question #240485

C=500+0.4Yd, MPS = 0.6, I = 500, G = 700, X = 200 and M=50+0.2Y the Tax rate is 20% of Y. The population is 90 people. Calculate NI equilibrium

Expert's answer

S+T+M=I+G+X

"S = - Co + MPS\\times Y"

"-500+0.6 Y+0.2Y+50+0.2Y=500+700+200"

Y=1850

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