Some macroeconomic relationships in national economy

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Reference no: EM13834078

Some macroeconomic relationships in a national economy are described by the following equations (numbers in $ millions)

Y=500+0,9Yd (Yd=Y-T)

Ig=200

G=300

Xn=100

M=150+0,3Y

T=300

Find:

1) Yo

2) Yo if G increased by 50

3) multiplier (k)

PLEASE SHOW ALL OF THE CALCULATINGS IN DETAILS :)

Reference no: EM13834078

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