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C = 50 + 0.9Y Assume further that planned investment Ig, government spending G and net exports Xn are independent of the level of income. Ig = 30, G = 0 and Xn = 10. Recall also that, in equilibrium, the real output produced (Y) is equal to aggregate expenditures Y = C + Ig + G + Xn

Respuesta :

Answer: Hence, the value of real output produced Y = 900.

Step-by-step explanation:

Since we have given that

[tex]Y=C+I_g+G+Xn------------(1)[/tex]

and

[tex]C=50+0.9Y-----------------(2)[/tex]

And

[tex]I_g=30\\\\G=0\\\\X_n=10[/tex]

We need to find the value of Y:

From eq(1) and eq(2), we get that

[tex]Y=50+0.9Y+I_g+G+X_n\\\\Y-0.9Y=50+30+0+10\\\\0.1Y=90\\\\Y=\dfrac{90}{0.1}\\\\Y=900[/tex]

Hence, the value of real output produced Y = 900.

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