Sun Ap A bbhosted.cuny.edu Every team. Bb Take Test: Econ 212 Test 2 V1 Sp 2022 - 2022 Spring Term... Target : Expect More. Pay Less. maining Time: 2 hours, 58 minutes, 46 seconds. uestion Completion Status: 2 3 5 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 QUESTION 34 10 points Save Answer Assume that the consumption function for a private open economy, Azania, is such that C = 50 + 0.8Y. Also assume further that planned investment Ig and net exports Xn as well as G are respectively 30, 10, and 100 million respectively, calculate (a) the equilibrium income and (b) total consumption for this economy. Suppose the economy achieved Xn = 0, how much have (c) income and (d) consumption changed? Recall the real output Y in the economy equals C + Ig + G + Xn. Show all steps. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt V A v . .. E E E E X2 X2 EXE I { } O (?) + O WORDS POWERED BY TINY P