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ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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udent question Time Left: 00:05:44 The equations below show some macroeconomic information for the economy of Nightwing. All autonomous values are in billions of dollars. C = 40 + 0.95YD T = 12 + 0.02Y1 = 130 G = 39.8 XN = 120 -0.13Y Notice that the consumption function (C) is written in terms of disposable income (YD). You will need to do a bit of substitution to get rid of the YDand replace it with Y. A. The value of equilibrium national income is $Answer 1 Question 6 billion. Hint: this will be a whole number. No rounding required. B. At equilibrium national income, the government will have a budget Answer 2 Question 6 of $Answer 3 Question 6 billion. Hint:this value will have exactly one decimal point. Do not round. I
Transcribed Image Text:udent question Time Left: 00:05:44 The equations below show some macroeconomic information for the economy of Nightwing. All autonomous values are in billions of dollars. C = 40 + 0.95YD T = 12 + 0.02Y1 = 130 G = 39.8 XN = 120 -0.13Y Notice that the consumption function (C) is written in terms of disposable income (YD). You will need to do a bit of substitution to get rid of the YDand replace it with Y. A. The value of equilibrium national income is $Answer 1 Question 6 billion. Hint: this will be a whole number. No rounding required. B. At equilibrium national income, the government will have a budget Answer 2 Question 6 of $Answer 3 Question 6 billion. Hint:this value will have exactly one decimal point. Do not round. I
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