Question: Please explain the correct approach for solving this general accounting question. Suppose a closed economy has an aggregate consumption function given by C=60+0.60YdC = 60+

Please explain the correct approach for solving this general accounting question.

Suppose a closed economy has an aggregate consumption function given by C=60+0.60YdC = 60+ 0.60Y dC=60+0.60Yd and generates $2500 output and income in equilibrium. Suppose also that the government spends $500 and imposes a lump-sum tax of $100. What is the level of intended investment

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