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Homework answers / question archive / This is an example of a two-point question

This is an example of a two-point question

Economics

This is an example of a two-point question.

Consider this simplified model of an open economy with government

C = 50 + .75 YD

I = 70

G = 80

T = 40 + .2 Y

X = 60

IM = .15 Y

Calculate equilibrium income rounded to one decimal place

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