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Calculate the equilibrium level of income calculate the


C = 30 + 0.9(Y + TR - T) 

I = 800 

G = 1200 

TR = 1800 

T = 0.2Y   note: there is an income tax rate of 20% of gross income.

X = 200 

IM = 350

Calculate the equilibrium level of income.

Calculate the level of Savings at the equilibrium level of Income.

Calculate the government budget. Specify whether it is in deficit or surplus and by how much.

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Microeconomics: Calculate the equilibrium level of income calculate the
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