The table below provides information for the economy of Zawi.
C = 80 + 0.8Y
XN = 28 – 0.3Y
I = 155
G = 250
a. The value of equilibrium income is $ .......
b. Set up a balancing row to verify your calculations (the tax equation is T = 80 + 0.3Y and X = 190). Enter your responses as whole numbers.
Y | T | YD | C | S | I | G | X | IM | XN | AE |
c. If exports decrease by 68, the new equilibrium income is $ .....
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