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Mathematics, 14.11.2021 20:50 Anybody6457

An open economy is in equilibrium when Y =C+I +G+X −M where Y=national income, C =consumption, I = investment, G= government expenditure, X =exports, M = imports, Determine the equilibrium level of income given that C = 0.5Y +70, I = 65, G =120, X =120, M = 0.3Y +40.

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