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Calculate the equilibrium values of consumption expenditure

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Reference no: EM13333333

C = 120 + 0.8 YD

G = 800

I = 280

NX = 20 - 0.22 Y

(i) Compute the multiplier and the equilibrium level of nationalincome.

(ii) Calculate the equilibrium values of consumption expenditureand the Government's budget balance.

Reference no: EM13333333

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