What is the government budget balance

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Suppose that T= 120+ 0.2Y; G= 680; IM= 100+ 0.15Y; and X= 550.

A. What is the trade balance (X-IM) when the government's budget is balanced?

B. What is the government's budget balance (T-G) when the trade balance is zero?

Reference no: EM132181545

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