Assume that in 2016 the folowing prevals in the Republic of Nurd Govemment spending (G)= 50 Net taxes (T) s0 Planned investment )-$30 Assume that househoids in Nurd contume 75 percent of heir income, they save 25 percent of their income. Thun, the consumption function and s C+075Y, and S=0.25Y, where disposabie income Y Determine the equilitrium level of income Equilitrum income = $ (Enter your reaponse an an integer.)

Assume that in 2016 the folowing prevals in the Republic of Nurd Govemment spending (G)= 50 Net taxes (T) s0 Planned investment )-$30 Assume that househoids in Nurd contume 75 percent of heir income, they save 25 percent of their income. Thun, the consumption function and s C+075Y, and S=0.25Y, where disposabie income Y Determine the equilitrium level of income Equilitrum income = $ (Enter your reaponse an an integer.)

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Savings,Investment And The Financial System

Section: Chapter Questions

Problem 2QCMC

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