In: Economics
Assume the following set of equations describe the economy of Agriland:
Consumption = $100 billion + .6YD YD refers to disposable income
Investment = $90 billion
Government spending = $70 billion
Taxes = .25Y
Exports = $65 billion
Imports = 0.1Y
Following pictures provide the answer.
I have rounded the calculations upto 2 points of decimals.