T=80+0.25Y G = 420 IM 100+ 0.1Y X = 550 a. The trade balance (X - IM) when the government's budget is balanced is $ b. The government's budget balance (T- G) when the trade balance is zero is $

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T=80+0.25Y
G = 420
IM
100+ 0.1Y
X = 550
a. The trade balance (X-IM) when the government's budget is balanced is $
b. The government's budget balance (TG) when the trade balance is zero is $
The answer to part (b) is;
A) $314
B) $1360
C) $340
E
Transcribed Image Text:T=80+0.25Y G = 420 IM 100+ 0.1Y X = 550 a. The trade balance (X-IM) when the government's budget is balanced is $ b. The government's budget balance (TG) when the trade balance is zero is $ The answer to part (b) is; A) $314 B) $1360 C) $340 E
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