The table below provides information for the economy of Zawi. C70 +0.78Y I=145 XN26 -0.28Y 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+ 0.35Y and X = 210). Enter your responses as whole numbers. 962 Y T 962 c. If exports decrease by 58, the new equilibrium income is $[ YD с S 202 I 145 G 240 X 210 IM XN AE 962

The table below provides information for the economy of Zawi. C70 +0.78Y I=145 XN26 -0.28Y 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+ 0.35Y and X = 210). Enter your responses as whole numbers. 962 Y T 962 c. If exports decrease by 58, the new equilibrium income is $[ YD с S 202 I 145 G 240 X 210 IM XN AE 962

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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