Question #286369

Given the following information answer each of the following questions: - Ca=20 c=MPC=3⁄4 Ia =I=20


1
Expert's answer
2022-01-12T08:34:14-0500

The GDP is:

Y=C+I=20+0.75Y+20=0.75Y+40,Y = C + I = 20 + 0.75Y + 20 = 0.75Y + 40,

0.25Y = 40,

Y = 160.


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