Determine the level of saving in equilibrium
Let us assume the following figure represent the component of GDP in a county
C = 70+ 0.8YDI = 60G = 170
a.Calculate the equilibrium level of income
b. Calculate the multiplier in this model
c. What is the level of saving in equilibrium
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Let us assume the following figure represent the component of GDP in a county. Calculate the equilibrium level of income. Calculate the multiplier in this model. What is the level of saving in equilibrium.
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