C = 30 + 0.9(Y + TR - T)
I = 800
G = 1200
TR = 1800
T = 0.2Y note: there is an income tax rate of 20% of gross income.
X = 200
IM = 350
Calculate the equilibrium level of income.
Calculate the level of Savings at the equilibrium level of Income.
Calculate the government budget. Specify whether it is in deficit or surplus and by how much.