Question

Economics:
Q. 2 (b) Given the following equations.
S = -70 + 0.25Yd
Yd = Y – T
I = I0 = 40
G = G0 = 30
T = T0 = 20
Find out the equilibrium level of income.

Answer 1

Answer:

Calculate arithmetic mean of the following series: (Use direct and short-cut methods)

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