Consider the following open economy, which we shall call Gazzalestan.C=50+4/5xYD.I=2000G=1100X=150M=3/10 X YTR=30T=3/8 X YIf there is a $80 increase in autonomous investment, what is the change in equilibrium real GDP(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, enter6.11. If your answer is $6.115, 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 ofGazzalestan.

C = 50 + 4/5Yd I = 2000 G = 1100 X = 150 M = 3/10Y T = 3/8Y

Consider the following open economy, which we shall call Gazzalestan. C=50+4/5 X YD. I=2000 G=1100 X=150 M=3/10 X Y TR=30 T=³/8 x Y If there is a $80 increase in autonomous investment, what is the change in equilibrium real GDP (assuming no change in the price level)?

Consider the following open economy, which we shall call Gazzalestan. C=50+4/5 X YD. I=2000 G=1100 X=150 M=3/10 X Y TR=30 T=³/8 x Y If there is a $80 increase in autonomous investment, what is the change in equilibrium real GDP (assuming no change in the price level)?

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Concept explainers

Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.

Question

Consider the following open economy, which we shall call Gazzalestan.
C=50+4/5xYD.
I=2000
G=1100
X=150
M=3/10 X Y
TR=30
T=3/8 X Y
If there is a $80 increase in autonomous investment, what is the change in equilibrium real GDP
(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 $6.115, 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.

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