Let's consider the following two economies (economy A and B)= 0.1, mf = 0.5%3DBesides this, both economies are characterized byС1+ dj %3D 0.6, є %3D 1, Со — с,T + do + G %3 240, х, 3D 0.2, аnd Y* %3D 300Draw the graphs of goods market and net export for each country.** draw the graphs **

Net exports are the difference between the goods and services that are sold to another nation and…

Let's consider the following two economies (economy A and B) m₁ = 0.1, m = 0.5 Besides this, both economies are characterized by c₁ + d₁ = 0.6, € = 1, co-c₁T + do + G = 240, x₁ = 0.2, and Y* = 300 Draw the graphs of goods market and net export for each country.

Let's consider the following two economies (economy A and B) m₁ = 0.1, m = 0.5 Besides this, both economies are characterized by c₁ + d₁ = 0.6, € = 1, co-c₁T + do + G = 240, x₁ = 0.2, and Y* = 300 Draw the graphs of goods market and net export for each country.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Let's consider the following two economies (economy A and B)
= 0.1, mf = 0.5
%3D
Besides this, both economies are characterized by
С1+ dj %3D 0.6, є %3D 1, Со — с,T + do + G %3 240, х, 3D 0.2, аnd Y* %3D 300
Draw the graphs of goods market and net export for each country.
** draw the graphs **

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Step 1: Define net exports

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Step 2: Determine net exports

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Step 3: Graph for good markets and net exports

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