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in Open Economy Macroeconomics by (25.6k points)
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Determine the equilibrium level of income based on the following information.

C = 100 + 0.75 (Y – T) 

I = 200 – 2000; 

G = 100 

T = 80 + 0.20Y 

X = 50 

M = 20 + 0.10Y

1 Answer

+1 vote
by (27.3k points)
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Best answer

We get,

Solving further we get,

Putting the values,

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