Mariam9922 Mariam9922

13-05-2023
Business

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An economy has the following characteristics:
Y = National income = $4250
Taxes = T = 0.21Y
C = Consumption = 542 + 0.76(Y – T)
I = 431
G = ?
X = 642
M = 0.15(Y – T)
What is the amount the government has to spend to achieve this level?

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