came across the equation Y=C(Y-T) + I(r) + G + NX(e) Can you demonstrate an example doing calculations with this formula as it relates to the open economy goods market
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- How are social factors affected by the new global innovation economyhow important and efficient is the WTO to provide help for poor countries?, how can we measure their productivity? (explain your reasoning) The minimum length for the summary must be 2 paragraphs (8-10 lines each)Analyze the following (2x2) matrix. Identify the countries having certain advantages. Specify the benefits of trade for both countries. The matrix involves 2 countries exchanging 2 commodities. Textiles (Labor-hours/unit of Output) Wine (Labor-hours/Unit of output) Portugal 90 80 England 100 120 (Numbers in the above matrix reflect labor hours per unit of output) What are the analysis of the above matrix?