The table below provides information for the economy of Zawi. C = 80 + 0.8YXN = 28 − 0.3YI = 155G = 250 a. The value of equilibrium income is $ b. Set up a balancing row to verify your calculations (the tax equation is T = 80 + 0.3Y and X = 190). Enter your responses as whole numbers. YTYDCSIGXIMXNAE c. If exports decrease by 68, the new equilibrium income is $

The table below provides information for the economy of Zawi. C = 80 + 0.8YXN = 28 − 0.3YI = 155G = 250 a. The value of equilibrium income is $ b. Set up a balancing row to verify your calculations (the tax equation is T = 80 + 0.3Y and X = 190). Enter your responses as whole numbers. YTYDCSIGXIMXNAE c. If exports decrease by 68, the new equilibrium income is $

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section9.A: The Simple Algebra Of Income Determination And The Multiplier

Problem 1TY

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