C 200 08y - twhere c consumption expenditure i

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Reference no: EM13372765

C = 200 + 0.8(Y - T)

where C = Consumption expenditure, I = Investment, G = Government expenditure, Y = Ntional expenditure, T = Taxes

What is the national income model

What is the equilibrium level of income

Derive the savings function and find the level of savings in this economy

What can you say about this simple economy

Reference no: EM13372765

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