Given the following system of equations about the economy of Saudi Ariba : C 30+...
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Given the following system of equations about the economy of Saudi Ariba : C 30+ 0.5Yd | = 400 G = 500 T = 200+ 0.3y 1- Find the Equilibrium Output (Y)? 2 Find value of consumption in equilibrium? 3- value of saving in equilibrium? 4- Graphicly illustrate the production curve, the demand curve and determine the equilibrium point? 5- Suppose that the government increase the spending to 600. What is the effect on the equilibrium? Show the change in diagram
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