Essay
The economy of Altus has the following parameters:
Autonomous exports = $290 billion.
Autonomous imports = $75;MPM = 0.20.
(a)What is the balance of trade at an income of $900.
(b)What is the balance of trade at an income of $1,200.
(c)At what income is there a zero balance of trade?
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a)Trade surplus of $...View Answer
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