Question

Consumption function c=40+0.84d
Yd = disposable Income
Tax function T=20
Investment function: I =55-2r
Government spending function G=20
Exports : x = 10
Imports M=10
a) find equation for goods market
equilibrium for the economy
described
above.​

Answer 1

Answer:

T=20 , l=55-2r , G=20 , x=10 , m=10

Explanation:

1. equation goals market equilibrium for the company

2. government spending function

3. investment function

4. tax function