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Teaching Since: Apr 2017
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    Northwest Florida State College
    Jun-1992 - May-1997

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    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 05 May 2017 My Price 9.00

An open economy is in equilibrium when


An open economy is in equilibrium when

 

Y = C + I + G + X – M

where

Y = national income

C = consumption

I = investment

G = government expenditure

X = exports

M = imports

Determine the equilibrium level of income given that

C = 0.8Y + 80 I = 70

G = 130 X = 100

M = 0.2Y + 50

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Status NEW Posted 05 May 2017 01:05 PM My Price 9.00

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