Consider the following macro model with demand- determined output: C = 150 + 0.9Y_d, Y_d= 0.8Y, I = 400, G = 700, T = (0.2)Y, X = 130, IM = (0.08)Y. Equilibrium national income is A)1916.67 B)4928.57 C)2156.25 D)1380.00 E)3833.33

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The Answer of Consider the following macro model with demand- determined output: C = 150 + 0.9Y_d, Y_d= 0.8Y, I = 400, G = 700, T = (0.2)Y, X = 130, IM = (0.08)Y. Equilibrium national income is A)1916.67 B)4928.57 C)2156.25 D)1380.00 E)3833.33

Consider the Following Macro Model with Demand- Determined Output: C