Calculate the equilibrium level of aggregate, Econometrics

Given for a closed economy:

C = $20 + 0.50YD

          I = $40

          G = $10

          YD = Y- T0

          T0 = $5

Determine:  (a)  the equilibrium level of aggregate or national income (Y);

                  (b)  the level of planned consumption;

                  (c)  the equality of total planned withdrawal and total planned injections.

Posted Date: 3/12/2013 5:22:06 AM | Location : United States

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