Question: Trying to solve this from my textbook for practice. Please Help! Thank you Answer questions 5, 6, and 7 using the following information: Let the

 Trying to solve this from my textbook for practice. Please Help!

Trying to solve this from my textbook for practice. Please Help! Thank you

Thank you Answer questions 5, 6, and 7 using the following information:

Answer questions 5, 6, and 7 using the following information: Let the national income model be: Y = C+ lo + Xo - M C = atb(Y - To); (a > 0,0 0) where Y is Income, C is Consumption, M are Imports, Io is investment, Xo are Exports, To are taxes, and a, b and m are parameters. Investment, Exports and Taxes are exogenous variables. The matrix format of this set of equations is: Io + Xo 0 Q = a - bTo - m 0 0 O (3)- Io + Xo a - bTo m 0 O 1 Io + Xo C = a - bTo m M 0 O Io - Xo a - bTo 0 Question 6 2 pts The determinant of the coefficient matrix you found in Question 5 is: Oltm -b 0 1 -m+b Oltm+b 0 1-m-b

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