The following information is provided about an open economy with a government. Use the information to answer the questions that follow: C = 450 + 0.4Y I = 350 G = 150 X = 70 Z = 35 + 0.1Y T = 0.15Y Yf = 1550 Calculate the level of autonomous spending in this economy.

The following information is provided about an open economy with a government. Use the information to answer the questions that follow: C = 450 + 0.4Y I = 350 G = 150 X = 70 Z = 35 + 0.1Y T = 0.15Y Yf = 1550 Calculate the level of autonomous spending in this economy.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter17: Growth And Less Developed Countries

Section: Chapter Questions

Problem 3SQ

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Question

The following information is provided about an open economy with a government. Use the information to answer the questions that follow:

C = 450 + 0.4Y I = 350
G = 150
X = 70

Z = 35 + 0.1Y

T = 0.15Y
Yf = 1550

Calculate the level of autonomous spending in this economy.

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