1. (LO 4) The economy of Irinika has the following parameters: Autonomous exports = $400 million...

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1. (LO 4) The economy of Irinika has the following parameters: Autonomous exports = $400 million Autonomous imports = $100 million MPM = 0.25 %3! a) What is the balance of trade at an income of $800? b) What is the balance of trade at an income of $20007 c) At what income level is there a zero balance of trade? 2. (LO1) Use the information in Table 6.9 to answer ques- tions about the economy of Watis. a) Complete the table assuming that the MPC is constant. b) What are the values of the MPC and MPS? MPC: MPS:. c) What are the equations for the consumption function and the saving function? C = S= TABLE 6.9 Y S 40 50 70 100 150 20 200 40 3. (LO1) Figure 6.12 shows the saving function for an economy. a) Complete Table 6.10. b) Add the consumption function to Figure 6.12. 1. (LO 4) The economy of Irinika has the following parameters: Autonomous exports = $400 million Autonomous imports = $100 million MPM = 0.25 %3! a) What is the balance of trade at an income of $800? b) What is the balance of trade at an income of $20007 c) At what income level is there a zero balance of trade? 2. (LO1) Use the information in Table 6.9 to answer ques- tions about the economy of Watis. a) Complete the table assuming that the MPC is constant. b) What are the values of the MPC and MPS? MPC: MPS:. c) What are the equations for the consumption function and the saving function? C = S= TABLE 6.9 Y S 40 50 70 100 150 20 200 40 3. (LO1) Figure 6.12 shows the saving function for an economy. a) Complete Table 6.10. b) Add the consumption function to Figure 6.12.

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A Balance of trade at an income of 800 BOT Exports Imports 400100025y 40010002... View the full answer