M
majestikally
Guest
Given:
C = 0.5Yd
I = 60
G = 55
X=20
M=10 +0.2 Y
T= 10 + 0.2Y
a) Find out the value of the equilibrium national income under a balanced budget condition.
b) compute the balanced budget multiplier
c) Find out the value of the equilibrium national income under a unbalanced budget condition.
C = 0.5Yd
I = 60
G = 55
X=20
M=10 +0.2 Y
T= 10 + 0.2Y
a) Find out the value of the equilibrium national income under a balanced budget condition.
b) compute the balanced budget multiplier
c) Find out the value of the equilibrium national income under a unbalanced budget condition.