Consider the following closed economy, which we shall call Gazzalestan. C=100+6/10 X YD. I=1700 G=1500 TR=40 T= ¹6 X Y If there is a B-20 increase in autonomous government expenditures, what is the change in private savings (assuming no change in the price level)? Round to two decimal places and do not enter the currency symbol. If your answer is $6.114, enter 6.11. If your answer is B6.115, enter 6.12. Do not forgot to enter the negative sign, if appropriate. For inquiring minds B is the currency symbol for Bitcoin, which is the official currency of Gazzalestan.

Consider the following closed economy, which we shall call Gazzalestan. C=100+6/10 X YD. I=1700 G=1500 TR=40 T= ¹6 X Y If there is a B-20 increase in autonomous government expenditures, what is the change in private savings (assuming no change in the price level)? Round to two decimal places and do not enter the currency symbol. If your answer is $6.114, enter 6.11. If your answer is B6.115, enter 6.12. Do not forgot to enter the negative sign, if appropriate. For inquiring minds B is the currency symbol for Bitcoin, which is the official currency of Gazzalestan.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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