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Question
Suppose C = 40 + 0.8Y D. T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. Find the net export balance at equilibrium income
Options
10
12
44
23
MCQ
Solution
12
Explanation:
Net exports at equilibrium income
NX = X − M − mY
= 90 − 50 − 0.05 × 560
= 40 − 28
= 12
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