Solution-Is the budget in this economy balanced

Is the budget in this economy balanced

Reference no: EM13877562

Consider an open economy with the following consumption and tax functions: C = 5 + 0.75YD , T = 0.20Y Assume I0 = 100; G0 = 110; X0 = 90 and M0 = 105

(a) Find the equilibrium output.

(b) Is the budget in this economy balanced?

(d) Determine the change in the equilibrium output if the autonomous imports decline by 20.

Reference no: EM13877562

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Is the budget in this economy balanced

Reference no: EM13877562

Reference no: EM13877562

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