The table below provides information for the economy of Zawi. C = 50+ 0.65Y I = 135 XN 22 0.15Y G = 240 a. The value of equilibrium income is $ b. Set up a balancing row to verify your calculations (the tax equation is T = 70+ 0.2Y and X = 215). Enter your responses as whole numbers. Y YD с S c. If exports decrease by 30, the new equilibrium income is $[ I G X IM XN AE

The table below provides information for the economy of Zawi. C = 50+ 0.65Y I = 135 XN 22 0.15Y G = 240 a. The value of equilibrium income is $ b. Set up a balancing row to verify your calculations (the tax equation is T = 70+ 0.2Y and X = 215). Enter your responses as whole numbers. Y YD с S c. If exports decrease by 30, the new equilibrium income is $[ I G X IM XN AE

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?

Section: Chapter Questions

Problem 1DQ

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