Find the new equilibrium gdp

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Reference no: EM13150452

Find equilibrium GDP (Y) when C = 200 + 0.6DI; I = 300; G = 400; X - M = -50; and T = 400. Remember: DI (disposable income) = Y - T. Find the value of the oversimplified multiplier. Use the multiplier value to find the new equilibrium GDP when I increases to 350 and all other values remain the same.

Reference no: EM13150452

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