What will be the income level that gives a balanced trade
Problem
Suppose there is an export increase of R15 billion and the net export function is given as NX = 70 - 0.5Y. Ceteris paribus, what will be the income level that gives a balanced trade?
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Suppose there is an export increase of R15 billion and the net export function is given. What will be the income level that gives a balanced trade?
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