Solve these equations for the equilibrium values of c

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Reference no: EM13190954

Assume that the following equations characterize a large open economy:
(1) Y = 5,000
(2) Y = C + I + G + NX
(3) C = 1/2(Y - T)
(4) I = 2,000 - 100r
(5) NX = 500 - 500e
(6) CF = -100r
(7) CF = NX
(8) G = 1,500
(9) T = 1,000
where NX is net exports, CF is net capital outflow, and e is the real exchange rate. Solve these equations for the equilibrium values of C, I, NX, CF, r, and e.

Reference no: EM13190954

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