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tusharsaini2004

tusharsaini2004

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Tushar SainiUniversity of Delhi - DU

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Algebra1
An open economy is in equilibrium when:
π‘Œ = 𝐢 + 𝐼 + 𝐺
π‘Œπ‘‘ = π‘Œ ― 𝑇
where
π‘Œ = π‘›π‘Žπ‘‘π‘–π‘œπ‘›π‘Žπ‘™ π‘–π‘›π‘π‘œπ‘šπ‘’
𝐢 = π‘π‘œπ‘›π‘ π‘’π‘šπ‘π‘‘π‘–π‘œπ‘›
𝐼 = π‘–π‘›π‘£π‘’π‘ π‘‘π‘šπ‘’π‘›π‘‘
𝐺 = π‘”π‘œπ‘£π‘’π‘Ÿπ‘›π‘šπ‘’π‘›π‘‘ 𝑒π‘₯π‘π‘’π‘›π‘‘π‘–π‘‘π‘’π‘Ÿπ‘’
𝑇 = π‘‘π‘Žπ‘₯
Determine the equilibrium level of income given that:
𝐢 = 0.75π‘Œπ‘‘ + 45
𝐼 = 40
𝐺 = 50
𝑇 = 0.2π‘Œ + 80 Β  Β 
Answer: 187.5Step-by-step explanation: First, let's substitute Yd into the con...
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