Please give me correct answer with calculation with explanation otherwise i give downvoteNote:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. Consider the economy of Janus represented by the following information:Marginal Propensity to Consume:0.85Net Tax RateConsumptionInvestmentGovernment ExpenditureExportsMarginal Propensity to ImportMarginal rate of depreciationPrice Level0.206001,6001,7001000.210.08138Compute the disposable income within this economy:Round your unitless answer to two decimal placesAnswer:x (6,037.74)

The information regarding the economy of Janice is given as follows.Marginal Propensity to…

Answered: Consider the economy of Janus…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please give me correct answer with calculation with explanation otherwise i give downvote

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

Consider the economy of Janus represented by the following information:
Marginal Propensity to Consume:0.85
Net Tax Rate
Consumption
Investment
Government Expenditure
Exports
Marginal Propensity to Import
Marginal rate of depreciation
Price Level
0.20
600
1,600
1,700
100
0.21
0.08
138
Compute the disposable income within this economy:
Round your unitless answer to two decimal places
Answer:
x (6,037.74)

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