Discover the government budget deficit or surplus compute, Microeconomics

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Discover the government budget deficit or surplus compute

Consider the following economy

C=1000+0.6Yd

G=220

T=200

I=500

A. Discover the government budget deficit or surplus

B. Find the Z line

C. Compute the Equilibrium level (Y)

D. Compute the equilibrium level of disposable Income (Yd)

E. Compute the level of Consumption (C) in equilibrium

F. Show the Z line and the Equilibrium level of Y on your graph

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Microeconomics: Discover the government budget deficit or surplus compute

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Microeconomics: Discover the government budget deficit or surplus compute

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