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Business, 04.07.2020 22:01 ezapata21

Assume the following for the economy of a​ country: bullet  Consumption function: C = 60 + 0.75YdInvestment: I = 79Government spending: G = 52Net taxes: T= 0.2Y + 25Disposable income: Yd = Y+TEquilibrium: Y = C + I + GRequired:a. Equilibrium income is:b. In equilibrium, the Government collects net taxes of:c. In equilibrium, the Government's budget deficit or surplus is:

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Assume the following for the economy of a​ country: bullet  Consumption function: C = 60 + 0.7...
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