he table below shows the parameters for the economy of Hutu. Give your answers to one decimal point. C 80+ 0.75Y XN250 - 0.15Y I 160 G = 240 a. The value of equilibrium income is $ b. If exports were to increase by 96, the new value of equilibrium income would be $2,065 c. Given your answer in part (b), the new value for XN is $36.25 d. Given the equilibrium income in part (a), if full employment income is $1,200, what change in government spending is necessary to move the economy to this level? Government spending needs to (Click to select) by $ 1,825

he table below shows the parameters for the economy of Hutu. Give your answers to one decimal point. C 80+ 0.75Y XN250 - 0.15Y I 160 G = 240 a. The value of equilibrium income is $ b. If exports were to increase by 96, the new value of equilibrium income would be $2,065 c. Given your answer in part (b), the new value for XN is $36.25 d. Given the equilibrium income in part (a), if full employment income is $1,200, what change in government spending is necessary to move the economy to this level? Government spending needs to (Click to select) by $ 1,825

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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