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alishbasaeed00

alishbasaeed00

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Alishba Saeed

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History1Algebra1
Answer: Geoffrey ChaucerStep-by-step explanation: By the late 14th century, En...
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An open economy is in equilibrium when:
๐‘Œ = ๐ถ + ๐ผ + ๐บ
๐‘Œ๐‘‘ = ๐‘Œ โ€• ๐‘‡
where
๐‘Œ = ๐‘›๐‘Ž๐‘ก๐‘–๐‘œ๐‘›๐‘Ž๐‘™ ๐‘–๐‘›๐‘๐‘œ๐‘š๐‘’
๐ถ = ๐‘๐‘œ๐‘›๐‘ ๐‘ข๐‘š๐‘๐‘ก๐‘–๐‘œ๐‘›
๐ผ = ๐‘–๐‘›๐‘ฃ๐‘’๐‘ ๐‘ก๐‘š๐‘’๐‘›๐‘ก
๐บ = ๐‘”๐‘œ๐‘ฃ๐‘’๐‘Ÿ๐‘›๐‘š๐‘’๐‘›๐‘ก ๐‘’๐‘ฅ๐‘๐‘’๐‘›๐‘‘๐‘–๐‘ก๐‘ข๐‘Ÿ๐‘’
๐‘‡ = ๐‘ก๐‘Ž๐‘ฅ
Determine the equilibrium level of income given that:
๐ถ = 0.75๐‘Œ๐‘‘ + 45
๐ผ = 40
๐บ = 50
๐‘‡ = 0.2๐‘Œ + 80 ย  ย 
Answer: The answer is $187.5 billionStep-by-step explanation: Let's go through...
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