Find what is the y in the goods market equilibrium

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From the Keynesians, Y = C + I + G + NX can be transformed into a theoretical model. In particular, assume that the consumption C = A + mpc (Y-T), where A is a constant, mpc is the marginal propensity to consume, Y is national income and T is income taxes. Suppose in the goods market equilibrium, aggregate expenditure = national income such that the two Y's will be the same from Y = A + mpc (Y-T) + I + G+ NX. . Suppose C = 400 + 0.75(Y - T). G = 100, I = 100, T = 100, and NX = 100, what is the Y in the goods market equilibrium?

Reference no: EM13233996

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