Answer to Question #29934 in Macroeconomics for Sheena
you are provided wiv the following info about an open economy wiv govrnment activity:
C = 25 + 0.8Yd
I = 20 + 0.1Y
Z = 15 + 0.1Yd
T = 0.2Y
Yd = Y - T
G = 200
Assume initial level of income Y is 1000
1.Given T = 200, find the value of consumption and investment
2.CALCULATE THE VALUE of export and import.
3.calculate the balance of trade.
4.briefly elaborate on the "circular flow of income"