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Given the National income for Zambia in 2019 as Y=C+I, C=Co+bYd, T=To+tY, Yd=Y-T where I=Io=30, Co=85,...

Given the National income for Zambia in 2019 as Y=C+I, C=Co+bYd, T=To+tY, Yd=Y-T where I=Io=30, Co=85, b=0.75, t=0.2 and To=20.

Find:
(a) The equilibrium level of Income (Ye).

(b) The numerical value of Ye.
(c) The effect on the multiplier if a proportional income tax (t) is incorporated into the model. .

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