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C=40+0.8YIg=40X=20M=30\begin{array} { l } C = 40 + 0.8 Y \\I _ { g } = 40 \\X = 20 \\M = 30\end{array}

question 94

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C=40+0.8YIg=40X=20M=30\begin{array} { l } C = 40 + 0.8 Y \\I _ { g } = 40 \\X = 20 \\M = 30\end{array} (Advanced analysis) The equations give information for a private open economy. The letters Y,C,Ig,XY , C , I _ { g } , X and M stand for GDP, consumption, gross investment, exports, and imports, respectively. Figures are in
Billions of dollars. The equilibrium GDP (=Y) in the economy is


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