Question 1: Suppose in an open economy the consumption function take the form C 8Yd =100 + 0. Tax is the proportion of income with the tax rate to be given by 0.2. Meanwhile import depends on the domestic income with the function given by
1 An introduction to biotechnological innovations Industry G. Mijnbeek and C. K. Leach 2 Biocatalyst in organic chemical synthesis R O. Jenkins 3 Efficiency of growth and product formation R.O. Jenkins