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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.
question number one
a) Design a simple econometric project to identify the factors that affect the demand for a good or service of your preference. Estimate the significance of these factors using mu
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the demand for blankets has been estimated y^=0.5-1.5x2+3.0x3
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