Suppose the multiplier model is
C = C₀ + cY
I = I₀
M = M₀
X = X₀
Y = C + I + X - M
where C₀ is autonomous consumption,c is the marginal propensity to expend,Y is income,C is consumption,I is investment,X is exports of goods from the United States and M is imports of goods into the U.S.
What is the formula for equilibrium national income (Y_e)?

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The Answer of Suppose the multiplier model is C = C₀ + cY I = I₀ M = M₀ X = X₀ Y = C + I + X - M where C₀ is autonomous consumption,c is the marginal propensity to expend,Y is income,C is consumption,I is investment,X is exports of goods from the United States and M is imports of goods into the U.S. What is the formula for equilibrium national income (Y_e)?

Suppose the Multiplier Model Is