Question: Suppose that a = 600, b = 0.75, T = 400, I p = 600, G = 700, and NX = 200. Calculate the equilibrium

Suppose that a = 600, b = 0.75, T = 400, I^p = 600, G = 700, and NX = 200. Calculate the equilibrium level of real GDP. Then check that the equilibrium value equals the sum C + I^p + G + NX.

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