1.

We supposethat C = 70 + 0.70Y D, I = 90, G = 100, T= 0.10Y (a) Find the equilibrium income. (b) What are taxrevenues at equilibrium Income? Does the government have a balancedbudget?

Answer»

We suppose
that C = 70 + 0.70Y D, I = 90, G = 100, T
= 0.10Y (a) Find the equilibrium income. (b) What are tax
revenues at equilibrium Income? Does the government have a balanced
budget?



Discussion

No Comment Found