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Economics

Q. Imagine you live in a society with progressive taxation. Your friend makes half of your salary and pays 20% in income taxes. Elucidate rate most likely would be your income tax rate?

Q. Assume the following behavioral equations for a macroeconomy:

C = 100 + .9Yd , I = 50, T = 100 and G = 40

Calculate the equilibrium level of output.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9220410

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