Question: 29. Given consumption function is C = 20+ 0.5Yd where Yd is disposable income, tax, T = 10 , domestic investment, I = 20, government

29. Given consumption function is C = 20+ 0.5Yd where Yd is disposable income, tax, T = 10 , domestic investment, I = 20, government spending, G = 10 and net export, X - M = -20 What is the equilibrium national income? A. 70 B. 80 C. 50 D. 60

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