Given below is national income equation for a hypothetical economy, Y=C + I + G+X-M where, Consumption(C) =$ 16400, Investment (I) $1400, = Government spending (G) = $2000, Exports(X) =$1500, Imports (M) =$2500, Tax (T) =0.25Y.
From the above information compute
i. National Income.
ii. Disposable income.
iii. Trade balance position and explain the position.

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