Some macroeconomic relationships in a national economy are described by the following equations (numbers in $ millions)
Y=500+0,9Yd (Yd=Y-T)
Ig=200
G=300
Xn=100
M=150+0,3Y
T=300
Find:
1) Yo
2) Yo if G increased by 50
3) multiplier (k)
PLEASE SHOW ALL OF THE CALCULATINGS IN DETAILS :)