1.

Suppose C = 40 + 0.8YD, T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. In the above example, if exports change to X = 100, find the change in equilibrium income and the net exports balance.

Answer»

Suppose C = 40 + 0.8YD, T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y.

In the above example, if exports change to X = 100, find the change in equilibrium income and the net exports balance.



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