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[Solved]: C = 40 + 0.8Y lg = Tg = 40 X = X = 20 M = M = 30
Home / Expert Answers / Economics / c-40-0-8y-lg-tg-40-x-x-20-m-m-30-advanced-analysis-the-equations-give-information-pa346

(Solved): C = 40 + 0.8Y lg = Tg = 40 X = X = 20 M = M = 30 (Advanced analysis) The equations give information ...



C = 40 + 0.8Y lg = Tg = 40 X = X = 20 M = M = 30 (Advanced analysis) The equations give information for a private open economy. The letters Y, C, lg, X, and M stand for GDP, consumption, gross investment, exports, and imports, respectively. Figures are in billions of dollars. The equilibrium GDP (=Y) in the eocnomy is



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