Given the following information about each economy, either calculate the missing variable or determine that it cannot be calculated: Instructions: Enter your answer as a whole number. If you are entering a negative number be sure to include a negative sign (-) in front of that number. a. Suppose C = $20.1 billion, 1 = $3.5 billion, G = $5.2 billion, and NX = $-1 billion. Total income is (Click to select) ✓ b. Suppose total income is $1.3 trillion, G = $0.6 trillion, and C = $0.8 trillion. I is (Click to select) く c. Suppose total expenditure is $679 billion, C = $441 billion, I = $125 billion, and G = $83 billion. NX is: $ billion. Exports (Click to select) ✓
Given the following information about each economy, either calculate the missing variable or determine that it cannot be calculated: Instructions: Enter your answer as a whole number. If you are entering a negative number be sure to include a negative sign (-) in front of that number. a. Suppose C = $20.1 billion, 1 = $3.5 billion, G = $5.2 billion, and NX = $-1 billion. Total income is (Click to select) ✓ b. Suppose total income is $1.3 trillion, G = $0.6 trillion, and C = $0.8 trillion. I is (Click to select) く c. Suppose total expenditure is $679 billion, C = $441 billion, I = $125 billion, and G = $83 billion. NX is: $ billion. Exports (Click to select) ✓
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Given the following information about each economy, either calculate the missing variable or determine that it cannot be calculated:
Instructions: Enter your answer as a whole number. If you are entering a negative number be sure to include a negative sign (-) in front
of that number.
a. Suppose C = $20.1 billion, 1 = $3.5 billion, G = $5.2 billion, and NX = $-1 billion.
Total income is (Click to select)
✓
b. Suppose total income is $1.3 trillion, G = $0.6 trillion, and C = $0.8 trillion.
I is (Click to select)
く
c. Suppose total expenditure is $679 billion, C = $441 billion, I = $125 billion, and G = $83 billion.
NX is: $
billion.
Exports (Click to select)
✓
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