Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
Consider the following information for an economy (Note: No G or T):
C = 150 + 0.75Y + 0.02W,
I = 400, X = 150, IM = 0.03Y
where wealth, W = 800.
Calculate the equilibrium national income for this economy. Calculate the multiplier for the economy. (3)
Suppose there is an economic growth in U.S., which results in an increase in exports to 400. How much does equilibrium national...