Given the following model of the economy.C= 13,005 +0.8YD1 = 8209G= 10083T = 10947Calculate the equilibrium value of Y:Y = $

Given, Consumption: C=13005+0.8YDInvestment: I=8209Government Spending: G=10083Taxes: T=10947The…

Answered: Given the following model of the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Given the following model of the economy. C = 13,005 +0.8YD 1 = 8209 G = 10083 T = 10947 Calculate the equilibrium value of Y: Y = $