The table below provides information for the economy of Zawi. C700.78Y I= 145/ 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. Y XN26 0.28Y G=240 T YD C $ c. If exports decrease by 58, the new equilibrium income is $ I G X IM XN AE

The table below provides information for the economy of Zawi. C700.78Y I= 145/ 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. Y XN26 0.28Y G=240 T YD C $ c. If exports decrease by 58, the new equilibrium income is $ I G X IM XN AE

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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