The data in the table below are for the economy of Nubia. a. Complete the AE...
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The data in the table below are for the economy of Nubia. a. Complete the AE column. T YD 0 60 -60 300 75 225 600 90 510 900 105 795 1,200 120 1,080 Y C 20 110 T = C = XN = AE = 200 290 380 60 + 20 + 70 292 + S -80 115 310 505 700 - I 80 80 80 80 G 122 122 122 122 80 122 V X 150 150 0.05 Y 0.21 Y 0.03 Y 0.22 Y 150 150 150 IM 80 89 98 107 116 b. Write out expressions for the tax function, the consumption function (related to national income [Y]), the net export function, and the AE function. Round your answers to 2 decimal places. V XN 70 61 V 52 43 34 AE 292 373 454 535 616 c. Use algebra to find out the value of equilibrium income. Round your answer to the nearest whole dollar. Equilibrium income is $ The data in the table below are for the economy of Nubia. a. Complete the AE column. T YD 0 60 -60 300 75 225 600 90 510 900 105 795 1,200 120 1,080 Y C 20 110 T = C = XN = AE = 200 290 380 60 + 20 + 70 292 + S -80 115 310 505 700 - I 80 80 80 80 G 122 122 122 122 80 122 V X 150 150 0.05 Y 0.21 Y 0.03 Y 0.22 Y 150 150 150 IM 80 89 98 107 116 b. Write out expressions for the tax function, the consumption function (related to national income [Y]), the net export function, and the AE function. Round your answers to 2 decimal places. V XN 70 61 V 52 43 34 AE 292 373 454 535 616 c. Use algebra to find out the value of equilibrium income. Round your answer to the nearest whole dollar. Equilibrium income is $
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Related Book For
Understanding Basic Statistics
ISBN: 9781111827021
6th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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