Question

The table below provides information for the economy of Zawi. C = 80 + 0.8Y XN...

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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