The total trade deficit/surplus for all the countries put together was?
Suppose C = 100 + 0.75YD, I = 500, G = 750, taxes are 20% of income, X = 150, M = 100 + 0.2Y.
Calculate equilibrium income, the budget deficit or surplus and the trade deficit or surplus.
Suppose C = 100 + 0.75Y D, I = 500, G = 750, taxes are 20 per cent of income, X = 150, M = 100 + 0.2Y. Calculate equilibrium income, the budget deficit or surplus and the trade deficit or surplus.