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We suppose that: C = 70 + 0.70YD, I = 90, G = 100, T = 0.10Y (i) Find the equilibrium income. (ii) What are the tax revenues at equilibrium income? Does the government have a balanced budget? |
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Answer» We suppose that: C = 70 + 0.70YD, I = 90, G = 100, T = 0.10Y (i) Find the equilibrium income. (ii) What are the tax revenues at equilibrium income? Does the government have a balanced budget? |
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