The equations below show some macroeconomic information for the economy of Nightwing. All autonomous values are in billions of dollars. C = 94 + 0.90YD T-16+0.13Y should be T = 26 + 0.13Y If you submitted using the old one, then let me know. | = 140 G = 198.5 XN= 120 - 0.19Y Notice that the consumption function (C) is written in terms of disposable income (Yp). You will need to do a bit of substitution to get rid of the Yoand replace it with Y. A. The value of equilibrium national income is $ billion. Hint: this will be a whole number. No rounding required. B. At equilibrium national income, the government will have a budget e of $ billion. Hint: this value will have exactly one decimal point. Do not round.
The equations below show some macroeconomic information for the economy of Nightwing. All autonomous values are in billions of dollars. C = 94 + 0.90YD T-16+0.13Y should be T = 26 + 0.13Y If you submitted using the old one, then let me know. | = 140 G = 198.5 XN= 120 - 0.19Y Notice that the consumption function (C) is written in terms of disposable income (Yp). You will need to do a bit of substitution to get rid of the Yoand replace it with Y. A. The value of equilibrium national income is $ billion. Hint: this will be a whole number. No rounding required. B. At equilibrium national income, the government will have a budget e of $ billion. Hint: this value will have exactly one decimal point. Do not round.
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.4P
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