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Answer to Question #37742 in Macroeconomics for Herman
Question #37742
Assume that an economy is characterized by the following:
C=5+0.8Yd
G=20
I=10
T=10+0.1Y
a)Calculate the equilibrium income in this economy?
b)What is the level of taxation?
c)Calculate the budget deficit/surplus.
d) What is the level of consumption?
e)what is the level of national savings?
C=5+0.8Yd
G=20
I=10
T=10+0.1Y
a)Calculate the equilibrium income in this economy?
b)What is the level of taxation?
c)Calculate the budget deficit/surplus.
d) What is the level of consumption?
e)what is the level of national savings?
Expert's answer
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