In a simple model of the economy (by John Maynard Keynes), equilibrium between national output and national expenditures is given by the equilibrium equation
Y = C + I + G + (X-M),
where Y is the national income, C is consumption (which depends on national income), I is the amount of investment, G is government spending, X is exports, and M is imports (which also depend on national income). In Exercise, solve the equilibrium equation for Y under the given conditions.
C = 60 + .85Y, M = 35 + .2Y, I = 95, G = 145, and X = 50
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