a. Complete the AE column. YD с S 0 60 -60 20 -80 300 75 225 110 115 600 90 510 200 310 900 105 795 290 505 1,200 128 1,080 380 700 Y T I 80 80 T= C = XN = AE = 80 80 (Click to select) (Click to select) 80 G 122 122 122 (Click to select) (Click to select) 122 122 X 150 150 150 150 150 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. XN (Click to select) v (Click to select) (Click to select) (Click to select) 70 61 52 43 34 AE c. Use algebra to find out the value of equilibrium income. Round your answer to the nearest whole dollar. Equilibrium income is $

a. Complete the AE column. YD с S 0 60 -60 20 -80 300 75 225 110 115 600 90 510 200 310 900 105 795 290 505 1,200 128 1,080 380 700 Y T I 80 80 T= C = XN = AE = 80 80 (Click to select) (Click to select) 80 G 122 122 122 (Click to select) (Click to select) 122 122 X 150 150 150 150 150 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. XN (Click to select) v (Click to select) (Click to select) (Click to select) 70 61 52 43 34 AE c. Use algebra to find out the value of equilibrium income. Round your answer to the nearest whole dollar. Equilibrium income is $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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