ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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If consumption is C=100+0.75Yd
Taxes is T=50+0.5Y
Export is X=200
Import is M=50+0.25Y
Government spending is G=150
Investment is I=200
Usethemultiplierapplicabletoexport,toexplainhowa100–billiondeclineindemand
forexportcouldaffecttheeconomy’s:
(i)
Balanceofpayment
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