A. Measure the equi… Show more c=500+0.75DY I=470-1200r , r=15% G=$500billion T=1/5Y-100 (X-M)= – $550 billion A. Measure the equilibrium GDP and the corresponding budget deficits/surplus. B. suppose the government follows a balanced budget fiscal policy of increasing government spending is by $200 billion dolars and raising taxes by the same amount, $200 billion. Measure the new GDP and budge deficit/surplus. • Show less