Exam (elaborations)
ECS1601 Assignment 3 Semester 1
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Suppose government expenditure in South Africa is R10 billion while autonomous consumption and investment spending are R25 billion and R50 billion respectively. Autonomous exports are R100 billion and autonomous imports are R35 billion. Also, c = 0,85; t = 0,275 and m = 0,125. What is the equilibr...
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