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The following aggregate expenditure flows are given for the economy of Macroland. All figures are billions of Macro dollars Taxes: T=30 Intended investment : i=100 Consumption: C=50+0.8(Y-Tn), where Tn is the net tax flow Government purchases: G=66 Government transfer payments=10The following aggregate expenditure flows are given for the economy of Macroland. All figures are billions of Macro dollars. Taxes: T=30 Intended investment: I=100 Consumption: C=50+0.8(Y-Tn), where Tn is the net tax flow Government purchases: G=66 Government transfer payments=10
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