Aggregate income equal aggregate expenditure

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A hypothetical closed economy has a national income model of the form y=C+I+G where C=30+0.8Y and I and G and private Investment expenditure are exogenously determined to= 50 and 80 units respectively. Compute the national equilibrium level of income for this economy using aggregate income equal aggregate expenditure and withdrawals and equal injection methods

Reference no: EM132601337

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