6.610.11) (1 The table below shows the parameters for the economy of Hutu. Give your answers to one decimal point. XN = 160 - 0.15Y G = 220 C = 40 + 0.65Y 1 = 150 Saved a. The value of equilibrium income is $ b. If exports were to increase by 40, the new value of equilibrium income would be $ 1,120 c. Given your answer in part (b), the new value for XN is $ d. Given the equilibrium income in part (a), if full employment income is $800, what change in government spending is necessary to move the economy to this level? Government spending needs to (Click to select) by $ 1,140 167

6.610.11) (1 The table below shows the parameters for the economy of Hutu. Give your answers to one decimal point. XN = 160 - 0.15Y G = 220 C = 40 + 0.65Y 1 = 150 Saved a. The value of equilibrium income is $ b. If exports were to increase by 40, the new value of equilibrium income would be $ 1,120 c. Given your answer in part (b), the new value for XN is $ d. Given the equilibrium income in part (a), if full employment income is $800, what change in government spending is necessary to move the economy to this level? Government spending needs to (Click to select) by $ 1,140 167

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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